DXY and EXY correlates negatively !! EUR/USD SHORT

已更新

Hy trader,
good mood and profitable trades ! 💲

In the 1h chart we can see a negative correlation between DXY and EXY.

While DXY broke out of the falling wedge with a nice kick, we saw EXY break out of the rising wedge.
In the Dollar index I see a nice bottom formation with HLs and a HH. In the Euro Index we can see a top formation with LLs and LH !

My trading plan for this week: EUR/USD SHORT

I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.

Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .

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Thanks for reading my ideas,
Trade save!!

注释

tradingview.com/markets/currencies/cross-rates-overview-heat-map/

注释

tradingview.com/markets/currencies/indices-all/

注释

USD/CAD LONG