Not sure I said sell at 1.39?? If you can quote me then I'll retract that hah. Current thinking.. dxy fall this week then see what happens around 92.5-.92.7, it may pump up again from there. Euro COT is loading up shorts so am expecting dxy to rise again. I think GU COT is a bit inconclusive but they're closing shorts (net long increase) so it's going to be inclined to move up I think, at least early this week. I feel it might be short lived and want to sell off between 1.39-1.40 as there is some good supply up there.
Haven't taken any trades was just waiting to see if GU would break up like that and it did.
Sorry it's a dxy chart but It's just how I gauge things in the major USD pairs. I just sketched this out quickly I wasn't planning on doing anything today cause of the bank hol. Just what i'm watching not trade suggestions obviously
Overall.. not a massively clear picture, the weekly moves seemed more obvious to me over the past couple of weeks. Now that I think about it more, yeah looking for sells around 1.39-3950 might be a pretty good idea if dxy makes another push up. In summary, maybe buys for now but be careful as we get higher up as it might suddenly turn bearish. The current bull picture might be shorts profit taking and bears might get interested again this week.
https://www.tradingview.com/x/rBNwoxms/
https://www.tradingview.com/x/Z47oWARB/
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