Cup and Handle has formed on the US Dollar Index.
This took place after the break out of the downside.
The latest US jobs report for Friday indicated a significant surge in employment, outpacing the predictions of economists.
The economy saw the addition of 353,000 seasonally adjusted jobs in the last month, marking the highest increase in a year.
Also with...
The dollar index still bullish and I'm still expecting it to head higher next week to take the highs 106.840 and maybe even higher from a long term perspective,
we are maybe going to see a retracement into the FVG and then a push higher .
Confirmation
• Buy side liquidity taken out ✔️
• Break in Market structure ✔️
• Price at premium ✔️
Entry
• At Fair Value Gap and above the midnight open ✔️
• London killzone ✔️
Target
• At a Discount below 1.0800 ✔️
Hey traders, DXY have formed a good bullish flag, that's a good sign if you are looking forwards executing some xxxusd short or usdxxx long the coming week. I highly recommend you to analyze DXY every end of the week if not everyday, that will help you to spot the direction of USD pairs and trade them in a more professional way.
Trade safe, Joe.
Hey Traders, in this week we're monitoring EURUSD for a swing selling idea around 1.16865 Zones, once we will see any bearish confirmation the trade will be executed.
Remember the importance of money management and risk only a small percentage of your account.
the number one rule: Risk Small, Aim big.
Joe.
Short NZDUSD is in my top 2 FX Trades for several reasons:
1. NZD is considered the riskiest G10 currency cross, so NZD trades weaker in risk-off markets, or when equities/ SPX trade lower (you can see the high correlation with SPX at the bottom of the graph).
- With Brexit occurring last week, global risk has increased, this is especially the case for NZD due...
