I am expecting DXY
to make small move back up in the ballpark of 97.40, followed by a decline to around 96.5. USDCHF
has been ranging between .96 and .97 for the last few days and seems very reluctant to break upwards towards .98. In addition to this, the RSI
is currently overbought on the H4 and H1.
Looking for a retest of last weeks lows. From there, we can determine whether it can go even lower, to .9550.
SELL LIMIT @ .97185
SL @ .97668
TP1 @ .96763
TP2 @ .96131
Risk/Reward ratio 2.12