I think the USD is over-bought currently and I am expecting a move lower in the USD Index. This means I can take a basket trades
- Long EUR/USD, GBPUSD, AUDUSD, NZDUSD, XAUUSD
- Short USDCHF, USDJPY, USDCAD
- Waiting for a break below the trendline
- Stop Loss when price takes out 11077 on the index
- Target - when price reaches the outer trendline or the 1.27 extension and index makes a lower low !!
- Long EUR/USD, GBPUSD, AUDUSD, NZDUSD, XAUUSD
- Short USDCHF, USDJPY, USDCAD
- Waiting for a break below the trendline
- Stop Loss when price takes out 11077 on the index
- Target - when price reaches the outer trendline or the 1.27 extension and index makes a lower low !!