Looking for a continuation of the Dollar strength we have been having. Price had tested the 61.8% Fibonacci retracement level simultaneously creating a new lower-high. Looking for the pair to fall towards the weekly low we made a week ago.
Setup is a nice 1:3RR, do not forget to use proper risk management as I am simply sharing my thoughts and I am not a machine that can predict the market.
From a fundamental standpoint, I am bullish on the USD and safe-haven currencies, while being neutral on AUD.
According to MyFxBook, 48% of retail traders are currently short on the pair while 52% are long.
Setup is a nice 1:3RR, do not forget to use proper risk management as I am simply sharing my thoughts and I am not a machine that can predict the market.
From a fundamental standpoint, I am bullish on the USD and safe-haven currencies, while being neutral on AUD.
According to MyFxBook, 48% of retail traders are currently short on the pair while 52% are long.
Trade closed: target reached:
Price was 0.5 pips away from our target.
Closed manually in profit.
Closed manually in profit.