Hint: Short after top is broken
Recommendation:
Due to CPI news, DXY moved sharply down and is consolidating. The USD will continue to consolidate then strengthen. The highest probability trade will be a short after the top is broken Tuesday or Wednesday this week. For Monday to Tuesday, expect corrections down ward then a move up. Final target for the month remains to be 1.1800
Take a market order position upon the confluence of valid entry rules on the 4H or 1H chart.
Recommendation:
Due to CPI news, DXY moved sharply down and is consolidating. The USD will continue to consolidate then strengthen. The highest probability trade will be a short after the top is broken Tuesday or Wednesday this week. For Monday to Tuesday, expect corrections down ward then a move up. Final target for the month remains to be 1.1800
Take a market order position upon the confluence of valid entry rules on the 4H or 1H chart.