Tomorrow will be a busy day for the USD currency.
I do not plan to spring my trading plan into action until after EURO Market close and around 2pm EST.
What I do know is that the AUD should be a dovish currency over the next couple of months, while the USD is looking to be gradually hawkish. Tomorrow DXY may spring to the 103 level, January highs.
So i'm basically using some technical chart analysis, plus january's high with DXY 109 in mind, to begin shorting the AUDUSD.
My first entry: 0.75697 with SL: 0.76124 and TP: 74064
Later term entry: 0.75701 with SL: 0.76566 and TP: 0.72605
My first entry is for now. My later entry will be for tomorrow.
I do not plan to spring my trading plan into action until after EURO Market close and around 2pm EST.
What I do know is that the AUD should be a dovish currency over the next couple of months, while the USD is looking to be gradually hawkish. Tomorrow DXY may spring to the 103 level, January highs.
So i'm basically using some technical chart analysis, plus january's high with DXY 109 in mind, to begin shorting the AUDUSD.
My first entry: 0.75697 with SL: 0.76124 and TP: 74064
Later term entry: 0.75701 with SL: 0.76566 and TP: 0.72605
My first entry is for now. My later entry will be for tomorrow.