Whatsup traders! In this video I'll be covering where I see the dxy heading next and how I will be looking to trade this week.
My biggest concern this week is that there is a TON of high impact news - including NFP.
I do not want to get caught on the wrong side of the market during NFP so I don't even trade that Friday.
In weeks like this, I will look to capitalize during the start of the week. I have entered a position on USDJPY, however, things aren't looking to promising. I have moved my stops to BE and will let it play out.
Let's see what the market gives us and remember to be patient. There is no need to rush into positions this week because it is going to be highly manipulated.
Cheers
Dilpreet
My biggest concern this week is that there is a TON of high impact news - including NFP.
I do not want to get caught on the wrong side of the market during NFP so I don't even trade that Friday.
In weeks like this, I will look to capitalize during the start of the week. I have entered a position on USDJPY, however, things aren't looking to promising. I have moved my stops to BE and will let it play out.
Let's see what the market gives us and remember to be patient. There is no need to rush into positions this week because it is going to be highly manipulated.
Cheers
Dilpreet