Hey whatsup guys!\
Denis here the lead trader at Primedtraders!
In todays lesson I want to go over our idea of trend trading in day & swing trading environment!
DAILY TRADING LESSON
When you catch a trend, ride it till the end
When momentum is on your side and your system agrees with the move (up or down), then by all means ride it till the end (next key...
If Dollar Index Weakens XXX/USD goes up. If Dollar Index Strengthens XXX/USD does down.
Looking at DXY I can see a Reversal Pattern form inside the box with a Pin Bar, Doji and what looks to be a Bearish Engulfing Candle. However, the market is uptrending & this could easily be a retest on 98.00 for a continuation upwards to fulfill the -0.27% extension.