The DXY has been on a tear, as we had predicted, for the past couple of months.
It has now reached a major resistance zone and could cool off for a little while.
It is showing a bearish edge and a perfect short opportunity with an inverse cup and handle as shown below:
In turn this gives us the chance to long a more volatile asset such as the GBP/USD. Because this trade goes against the current trend, the position is relatively small
It has now reached a major resistance zone and could cool off for a little while.
It is showing a bearish edge and a perfect short opportunity with an inverse cup and handle as shown below:
In turn this gives us the chance to long a more volatile asset such as the GBP/USD. Because this trade goes against the current trend, the position is relatively small
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Still well in this trade
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Bad trade, small loss and we're out.
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Check how the SL then acted as resistance. KEY LEVELS OF SIGNIFICANCE. It's fine to lose a trade, its not fine to do so without learning or strengthening your methods.
