Hi Folks:
I am not so convinced of this idea because of the weakening of the USD in the past sessions, specially after FED Powell comments.
I will give a try on this idea with a small position and place a SL (or total hedge) as per the chart. If I go for the hedge I will hold it till the orange dotted line at 32.200 and unhedge from there and open further longs to average down my exit in the event of a failure.
I would rate this idea of 60% chances of failure and 40% to reach the target but worth to try just in case. ;)
Cheers
I am not so convinced of this idea because of the weakening of the USD in the past sessions, specially after FED Powell comments.
I will give a try on this idea with a small position and place a SL (or total hedge) as per the chart. If I go for the hedge I will hold it till the orange dotted line at 32.200 and unhedge from there and open further longs to average down my exit in the event of a failure.
I would rate this idea of 60% chances of failure and 40% to reach the target but worth to try just in case. ;)
Cheers