For those who do not have access trading the Dollar Index, the EURUSD is the closest alternative.
However I'm seeing slightly different trading opportunity on the EURUSD.
We do have a potential Cypher setting up as well, but based on wave analysis, we are expecting the correction (WXY) to have completed around 1.1709 - 1.1757 area.
Thus we have two entry levels that we can potentially take a trade - 1) 1.1757 and 2) 1.1641, both with a stop around 1.1501.
Disclaimer: This is not a trade call. Make sure you have a proper trading plan and risk management strategy before engaging in any trade.
However I'm seeing slightly different trading opportunity on the EURUSD.
We do have a potential Cypher setting up as well, but based on wave analysis, we are expecting the correction (WXY) to have completed around 1.1709 - 1.1757 area.
Thus we have two entry levels that we can potentially take a trade - 1) 1.1757 and 2) 1.1641, both with a stop around 1.1501.
Disclaimer: This is not a trade call. Make sure you have a proper trading plan and risk management strategy before engaging in any trade.
