-DXY is appears to be bullish so I am looking to go long on USD. -GJ and GU have a strong correlation and I am bearish GU so I am also bearish GJ -On the weekly TF you will see price made a bullish push to the upside followed by last week candle that displayed a lot of bearish pressure and closing as a somewhat inverse hammer. -Although price did make a large bullish push, price never broke the previous high (on the daily), confirming that the trend is still in tact. -A huge bearish push followed by a bearish "doji"/reversal candle is a tale tale sign that price is ready to move in the opposite direction. -Expecting price to make a brief retracement before making another bearish move to the downside.
Please Like, Follow, Comment. What is your analysis?
交易开始
Long trade entered: 161.155 SL: 160.0 TP: 163.25
交易手动结束
Trade closed manually, took profit at 162.463.
Believe trade could move higher but I am still overall bearish and will just wait on the sidelines for a bearish setup.