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KarYong
Dec 13, 2017 4:48 AM

EURUSD - A mirror on the DXY idea Long

Euro Fx/U.S. DollarFXCM

Description

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.
Comments
ThunderDarkly
Your charts are starting to look great, I've added you to my follow list, thanks for the share. I am also long euro
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