After many days of descending since the big drop in June (three black crows), the black birds simply kept coming wave after wave, forming an unforgiven falling wedge, of which I believe is close for a reversal.
The yearly low is at 1.70 so we are not that far away, finger cross it will not fall that far but hopefully just a few more pips down so my trades can be activated.
DXY was in correction already before today's negative news, the drastic fall may require a few hours of correction.
If my trade cannot be activated, I will pass this one and come back later next week since tomorrow's Friday, we shall enjoy the weekend whilst account is in green.
SL: below the lower end of falling wedge, however can be safer if you can allow SL at 1.70 which is quite far away from current price to be considered as a SL (unless you are doing small lot size with large account), better to get stopped out and lose little than not stopped out and worrying losing too much.