The scientific approach to trading pairs vs dxy (How To)

There are many facets to dictating near term direction on dxy. Using larger time frame weeklies, the low of week was 6 nov retest weekly topside. A near term correction from a rejection wick at 106.5 made some sense and a scalp in the opposite direction performed well. The objective was to form a new weekly low. looking at the reaction of the red week top from 13 nov. Since price hesitated at that level. a short on EURUSD was executed last night for London which sets high of day or low of day 70% of the time. The long position on AUDUSD was closed out for a profit. What NY does at lunch hour is also vital importance to the next days price action. it is noticed that this is the area asia will retest to do a bit of follow through if NY was buyers or sellers. The parameter also key to watch is oil. Oil did pull back which may indicate in 2-3 weeks dxy may pullback if oil trades lower. to the 105 or 105.5 area. but the lag will take approx 2-3 weeks to play out. If dxy is higher at that time such as 107. the fade level gets moved up to near the 106 level etc. The next dxy short opportunity will most likely be Monday april 22nd. Pre EURUSD pmis NY around 8 est normally buys EURUSD. For the release 90-95% of the time EURUSD is sold for release. It is of vital importance to stay on top of news releases. expected vs actual. the trend of data associated. Another example is of such is AUDUSD cpi next week. AUDUSD tends to price lower going into that risk event. Next weeks plan. short dxy for a few pips monday NY session. Long dxy for eur pmis release tues night. Trade Safe Trade Smart Manage Risk Respectfully Artisin.