Disliked{quote} First point. Let me start by saying that I agree with you about not being ready with a sound system in place. I trade supply and demand using price action only, with the occasional indicator. I learnt with redsword11 forum 'price is everything'. I learnt with him personally, and he taught me everything I need to know, and therefor dont need to rely on someone else's ideas to make a trade. Plus I have chart time in my favour. That's also very important. I don't agree about data releases. Data releases give us strong price action or liquidity...Ignored
Still long and holding.
Usdx is bearish below new supply's that have been created on 4h. This is bullish for eurusd and gbpusd. But I would expect some kind of reversal to test this supply which in the short term will be bearish eu gu.
Demand for USDX is here. But my bet is it'll be short term if any. Target is back at the source of the move up on daily.
Indicators only Indicate, Price action dictates.
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