I have updated my previous post which was a quick idea.
After price broke through my daily zone above 0.9800 it formed this corrective structure which now has been broken. I am not waiting for price to retrace to my blue zone which has shown to be a strong resistance level also lining up with 61.8% Fib retracement and also the 1H 50EMA. SL being above the 78.6% fib retracement and TP the -61.8% fib extension. This set up looks very promising hopefully DXY and fundamentals can help along the way.
After price broke through my daily zone above 0.9800 it formed this corrective structure which now has been broken. I am not waiting for price to retrace to my blue zone which has shown to be a strong resistance level also lining up with 61.8% Fib retracement and also the 1H 50EMA. SL being above the 78.6% fib retracement and TP the -61.8% fib extension. This set up looks very promising hopefully DXY and fundamentals can help along the way.
Trade closed manually:
PRICE MOVING TOO SLOW FOR MY LIKING, DXY LOOKS TO BE STRENGTENING, TRADE INVALID
Comment:
haaaa trade now going my way, got to star trusting my own analysis and stop taking others opinions into consideration..... telegram on mute from now on I think...