The DXY crossed the orange marker, so technically the next think to so is to break the uptrend.
I expect some real correction
Target is the blue line
I expect some real correction
Target is the blue line
, Its a strong resistance zone, according to your method, did you mark this zone because price touched the TL and made a new low?
{quote} Precisely! Here is an update: {image} Getting some resistance, but my first TP is at the previous low, I will do a BE and leave the rest for the purple line.
'In the clearing stands a boxer And a fighter by his trade..'
{quote} I'm not so sure about the strength of the dollar right now, it could go either way or continue consolidating,
Two things can play out, we break the orange marker first, than downfall to the blue. Or better for the dollar is if we make a new low first, then we can move the orange marker lower, which will be our new target, which can end the down trend and we will see from there. Either way, this is months to find out.
{quote} First target hit tp, waiting second. Clear entries and tp...
Tools, thanks for updating charts.. {image}
Feel free to add other pairs you might trade.
What I like in this system is that we can get clear target levels and good stop areas. Here the Reward ratio was just too good again. 9.4 XD
