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jolicoeur342
Sep 2, 2016 4:06 AM

USDOLLAR - NFP FORECAST (SHORT) Short

Dow Jones FXCM Dollar IndexFXCM

Description

Simple analysis, we got our OVERBOUGHT and OVERSOLD area! (above is overbought, under is oversold). The USD DOLLAR been looking strong the past week, but the USD normally keep their money high before a huge crash. When we take a quick look at USD index, we can clearly see a beautiful head&Shoulder Pattern forming + we been in our overbought so its now the time to go in our oversold area!
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So i'm BEARISH on the NFP and the USD dollar in general!
Simple trade, low risk, USD is bearrish to me!
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Let me know what you think about it in the comment below!
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Comments
SungPLM
Ok so you're bearish bt where did u put your sellstop & how many pips u risk
jolicoeur342
I'm already in a short on the USD dollar on USDCAD, looking for around 200 pips
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