It has been a busy couple weeks in the old markets, I think alot of people (me included) expected USD weakness sooner? Well, this may be a good short opportunity? I see price has arrived and kissed an ascending trendline (I did not adjust that most recent touch to fit) I see weakness in price action from 1 hour up to 4 hour and MACD divergence beginning. The elephant in the room is clealry the 100 level for the index. I'm showing a 3:1 risk reward here, I may have my stop set just above that major level of 100. We will see. I may look to another USD pair to play this trade. 1% Risk 2:1 RR. -Happy Trading.
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Sweet
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.