Here's a little update on USDX. I've been scalping this short with a long bias for a while now; as you can see, we're approaching a major trend line.
Of the many possible outcomes, these are the two I'm watching for the most.
1. We move to the upper resistance zone around 105.75, followed by a wick back down into the larger pattern, which would generate significant bearish momentum.
2. We hit resistance and experience a moderate pullback before a sudden upward burst.
Provided we wick back down we will fill our exposure and be able to change for the larger move up. Alternatively, will position ourselves for the move up on the retest of the topside of the pattern.
The arrows on the chart are not targets just to show direction. Please note this always.
Of the many possible outcomes, these are the two I'm watching for the most.
1. We move to the upper resistance zone around 105.75, followed by a wick back down into the larger pattern, which would generate significant bearish momentum.
2. We hit resistance and experience a moderate pullback before a sudden upward burst.
Provided we wick back down we will fill our exposure and be able to change for the larger move up. Alternatively, will position ourselves for the move up on the retest of the topside of the pattern.
The arrows on the chart are not targets just to show direction. Please note this always.
註釋
Adding a fair amount of exposure here on the short side.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。