Hi traders!
What is this? Going along with the USD? Oh it seems like we are my friends! MACD just crossed and DXY is finishing strong this wednesday close. RSI is lowering and all other pairs are following suit.
This is for the short term but it seems that USD will be taking some breather and regain some of those losses before going back to that weakness that we came so accustomed to!
XAUUSD SHORT :
ENTRY : 1322.28$
SL : 1328.88$
TP 1 : 1308
TP 2 : 1300 OR 1296 (ON A QUICK DIP)
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
What is this? Going along with the USD? Oh it seems like we are my friends! MACD just crossed and DXY is finishing strong this wednesday close. RSI is lowering and all other pairs are following suit.
This is for the short term but it seems that USD will be taking some breather and regain some of those losses before going back to that weakness that we came so accustomed to!
XAUUSD SHORT :
ENTRY : 1322.28$
SL : 1328.88$
TP 1 : 1308
TP 2 : 1300 OR 1296 (ON A QUICK DIP)
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Trade closed: stop reached:
Price spiked up leaving us with a wick. Analysis is still good but entry was too early. This week hasn't been good to us but we were riding a nice wave for 2 month straight now.
Even with this weeks losses, we are still up 640 pips.
Let's focus to start the next week on the right note!
-Mescudi
Even with this weeks losses, we are still up 640 pips.
Let's focus to start the next week on the right note!
-Mescudi