The blue lines on the 4H chart to the left indicate last week's range. The black lines indicate a HTF resistance zone that comes in at 104, a nice round number and psychological level pointed out in last week's DXY Trade Plan.
Looking to the 15M chart, I want to see a break of the most recent lows around 103.3 before, ideally, a lower high. A bullish breakout of the weekly range would make me reconsider my bearish bias.
The basket pairs I will be focusing on this week are USDCAD, EURUSD, USDCHF. Still holding the USDCAD trade from last week along with a USDCHF trade and I will be watching for a bull run in EU and then a pullback for a possible entry.
Looking to the 15M chart, I want to see a break of the most recent lows around 103.3 before, ideally, a lower high. A bullish breakout of the weekly range would make me reconsider my bearish bias.
The basket pairs I will be focusing on this week are USDCAD, EURUSD, USDCHF. Still holding the USDCAD trade from last week along with a USDCHF trade and I will be watching for a bull run in EU and then a pullback for a possible entry.
