DXY bulls are happy as long as the index stays above this prominent 2-year support. Bears however have their signal. It is now a matter of time while the index does it’s usual zig zag before the inevitable happens. The signal for DXY to go lower in 2018 is already in place.
Pointing out some observations of AUDUSD, AUDCAD and AUDJPY, price reaction to significant levels. Additionally note AUDJPY can be a prediction for Asian stock indices.
Breakout trades explained. We discuss breakouts as a trade signal/trigger, why there are two strategies: to jump a breakout or to fade or trade against one.
5 features that make a bearish reversal in this EURJPY example. Explained also are 4 different entry levels for traders who demand different levels of risk/ different confirmation.
A look at trade setups in AUDUSD, NZDUSD, Nasdaq and XAUUSD. All 4 qualify as potential bearish reversal sell setups pending price signal and confirmation.