Monday 6 August 2012

US DOLLAR 6 AUGUST 2012


PLEASE SEE MESSAGE AT THE TOP OF TODAY'S BLOG AND THE POLL ABOVE.


USDOLLAR - follow me on twitter @fxdailyforecast and stocktwits.com/fxg
We have a new AB bullish swing on the dollar index with price having reached the 86 of this swing.

FOR TODAY:
Price bounced off the 86 of this swing, we are looking for price to rally, maybe after another test of the lows.

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 trades considered at present.

If we don’t get the setup we are looking for then we don’t trade.

LONG: Will be going long today only IF:
Price bounced off the 86 level, we are looking for another test of the lows followed by a clear bullish cs formation. 

If we don’t get the setup we are looking for then we don’t trade.

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