Well if you see my other recent trade ideas just posted (AUDUSD, EURUSD, and USDCHF) I'm expecting US Dollar weakness. There's a lot going on on my chart but I don't care it's what makes sense to me. Main focus is the major exhaustion candle formed last week. Also talks of the 4th rate hike not happening this year anymore could cause some trouble for USD. I'm only looking at shorting USD at this point. Invalidation would come into play if higher high's are made.
Orden cancelada:
No action taken on this or EURUSD since Nov 22nd, massive consolidation. Deeper fundamental backing regarding Euro (which makes up over 50% of this index) hints at further Euro weakness which would imminently drive DXY up. Invalidated