-56 Week channel
-14 Week double top
-Weekly 200SMA tag
-Weekly Bollinger band contraction
-Positive carry trade
-Could be tricky to put on with support @ 1.36100
I like the idea of being long USD as rates climb and the DXY shows positive signs of a bottom in place. Am not lifting my initial sizing from 30 basis points just yet.
Looking to go short below 1.37 if I have a good risk reward
-14 Week double top
-Weekly 200SMA tag
-Weekly Bollinger band contraction
-Positive carry trade
-Could be tricky to put on with support @ 1.36100
I like the idea of being long USD as rates climb and the DXY shows positive signs of a bottom in place. Am not lifting my initial sizing from 30 basis points just yet.
Looking to go short below 1.37 if I have a good risk reward
Comment:
Conservative order entered @ 1.36295 with a stop @ 1.38375
Comment:
Price is breaking down, still keeping my conservative entries
Comment:
The horizontal level is significant as shown on the quarterly chart
Comment:
Comment:
Trade active:
Order filled @ 1.36295 with a stop @ 1.38375
Comment:
If I get a pullback to the boundary line, will consider adding to the position as I have two targets in mind @ 1.29600 and 1.21680
Comment:
Stop moved 1.37810
Comment:
Stop @ 1.37325
Comment:
Stop @ 1.3671
Comment:
Stop @ 1.36315 (break even)
Comment:
Stop @ 1.34915
Comment:
3 day trailing stop in effect @ 1.32855
Trade closed: stop reached:
Small win
+1.63R
+1.63R