Disliked{quote} DXY is the first safe heaven, watching DXY moves make you safe trader. if DXY downtrend then buy XAUUSD and other pairs. But if DXY bull enters then find counter currencies such as AUDUSD or EURUSD (in normal situations GBP too but I'm avoiding it during brexit) and SHORT them. USDJPY is aggressive pair and doesn't follow Technical trading rules. it moves with its own so i'm out of usdjpy too... if you are scalpers then Akim's strategy works very well, sometimes things go messy so you hedge your losing trade and collect profit both sides...Ignored
I don't usually watch DXY but I notice it has been in an uptrend last 3 days - GU and EU has been going down in that time. Gold though has not taken opposite road until yesterday
https://www.tradingview.com/chart/?symbol=TVC%3ADXY
https://www.tradingview.com/symbols/TVC-DXY/
P.S. I am not in favour of hedging - far better to cut your losses ASAP and look for another opportunity.