Following US dollar strength looking at DXY during the final hour of trade this morning on the US markets, both DXY and UUP represent a potential bearish opportunity should momentum continue and lower highs and lower lows be made past the current position, aligning with technical indicators of RSI and DMI. Personal stop loss for the trade would be the high of the chart formation on 03-Oct (i.e.: above the high of $30.07 for UUP and $107.348 for DXY).
Trade active:
Slow and steady, still progressing... close call with the test of the high for UUP however the close was not above $30.07 and DXY did not align with the breakout above the channel.
Trade active:
Stop losses for the trade lowered with respect to lower highs and lower lows that have formed on the daily charts for both DXY and UUP (depending on risk tolerance):
- DXY - $106.68 (from open of 28-Sep); $105.93 (from open of 10-Nov)
- UUP - $29.91 (from open of 06-Oct); $29.65 (from open of 03-Nov)
- DXY - $106.68 (from open of 28-Sep); $105.93 (from open of 10-Nov)
- UUP - $29.91 (from open of 06-Oct); $29.65 (from open of 03-Nov)
Trade active:
Stop losses for the trade lowered with respect to lower highs and lower lows that have formed on the daily charts for both DXY and UUP (depending on risk tolerance):
- DXY - $105.07 (from open of 08-Sep); $104.40 (from open of 17-Nov)
- UUP - $29.65 (from open of 03-Nov); $29.51 (from open of 21-Sep)
- DXY - $105.07 (from open of 08-Sep); $104.40 (from open of 17-Nov)
- UUP - $29.65 (from open of 03-Nov); $29.51 (from open of 21-Sep)
Trade active:
Stop losses for the trade lowered with respect to lower highs and lower lows that have formed on the daily charts for both DXY and UUP (depending on risk tolerance):
- DXY - $102.905 (from close of 13-Dec); $102.654 (from open of 29-Nov); $102.594 (from open of 18-Dec)
- UUP - $27.34 (from close of 18-Dec)
- DXY - $102.905 (from close of 13-Dec); $102.654 (from open of 29-Nov); $102.594 (from open of 18-Dec)
- UUP - $27.34 (from close of 18-Dec)
Detailed commentary about this trade available here:
- www.youtube.com/watch?v=9M3D2og5xKs (Stocks and bonds - latest scans timestamped in comments)
- www.youtube.com/watch?v=_fG2hyV0Cd8 (Crypto review)
Like/subscribe for the latest!
- www.youtube.com/watch?v=9M3D2og5xKs (Stocks and bonds - latest scans timestamped in comments)
- www.youtube.com/watch?v=_fG2hyV0Cd8 (Crypto review)
Like/subscribe for the latest!
Coverage will now cease for this particular trade.