jangseohee

Multiple forex shorts and longs simultaneouly

AMEX:UUP   Invesco DB USD Index Bullish Fund ETF
1
Using UUP price movement in channel as a guide, i can see that UUP is currently having some resistance to work on (brown region)
Using a smaller timeframe such as 1hr to check for potential reversal..
If UUP is rejected by the channel top, then together with short UUP, any currency pair with USD as the base pair such as USDCAD, USDJPY & USDCHF are also a short candidate, simultaneously i can long AUDUSD, GBPUSD as well as EURUSD

Hope this is chart is not too complicated

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