DOLLAR 4 HR simple mark up

2020年10月26日

Trend is your friend - Richard Dennis

Key word: If market does A, I will do B.

Dollar has been in a downtrend which is good if you trade forex or a commodity.

We see market is trying to push up.

I would want to see a struggle at this area 93.300 where there is some form of key resistance.

We do have fib drawn for further confirmation. (I want market to reject in the middle of 0.5 & 0.618)

IF MARKET REJECTS, what will I do?

1. If $ decides to reject that area and comes tumbling down = I will be looking to long pairs like GBPUSD / EURUSD / AUDUSD / & maybe NZDUSD
- And shorting USDCAD / USDJPY / USDCHF

IF MARKET BREAKS, what will I do?

1. If $ decides to break and retest that area previous resistance and now current support and goes up = I will be looking to short pairs like GBPUSD / EURUSD / AUDUSD / & maybe NZDUSD
- And longing USDCAD / USDJPY / USDCHF

OVERALL: I want this hoe to go down.