Similar to the USDJPY trade I'm taking a position based on two things, price is at channel resistance whilst DXY is at support. Granted, DXY hasn't necessarily been performing well in the past couple of months but I believe we have found a bottom.
I think we see a DXY rally which will negatively effect other currencies vs the USD base.
Trade geschlossen: Stop wurde erreicht:
GBPUSD:
Stopped out of this. DXY is trading like it's the new global reserve toilet paper.
Will look to see how price reacts on a retest of that channel breakout before entering new positions.
GBPUSD:
Stopped out of this. DXY is trading like it's the new global reserve toilet paper.
Will look to see how price reacts on a retest of that channel breakout before entering new positions.
Kommentar:
Retested the channel breakout and claimed successfully. Trade invalidated.
Kommentar:
Watching this closely as price once again trades near the upper channel R/S