USDOLLAR -
follow me on twitter @fxdailyforecast and stocktwits.com/fxg
We are in a downswing on the dollar index on this
timeframe.
FOR TODAY:
Price is consolidating, we need a rally to the 618/786
followed by a bearish cs formation for a short entry, or a break of the B low
giving us a new AB swing.
If we don’t get
the setup we are looking for then we don’t trade.
SHORT: Will be
going short only IF:
No short setups, shorts are only considered up at the
618/786.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: Will be
going long today only IF:
We are close to the B low, we will not be taking long
trades with consolidation at present and a shallow bounce, stand aside.
If we don’t get the setup we are looking for then we
don’t trade.
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