I dont think there will be more issues in the banking sector and the dollar has turned bearish on Friday. Need to reconsider all usd long ideas at the moment.
Is DXY still bullish on daily and weekly? For me that is the key question. At 105.8 some pullback was expected. Next level 108 or back to 101? Lets find out...
Thank you Sive! If I translate correctly, entering new short is acceptable as there may not be a pullback. Or if there is a pullback the 1.045 is anyways practically almost unavoidable, so short now or from a bit higher is also good.
Incredibly complex and high quality fundamental analysis again. Friday pull back was a bit deeper than I would have expected especially that terminal rate increase was everywhere in the news. The direction is good, looking for a short entry feels right here and on GBP as well.
Thank you Sive, would be watching for a sideway move into Tuesday and wait for the numbers to be out. Only trade I would take is in case of a hot inflation data.
Okay, so let me circle back on the weekly B&B opportunity. So do I get it right: sell until 1.0460, then look for buy bounce back up and continue to sell from the bounce back down lower?
Or did you mean that stay in sell on monthly AND take a intermediate buy from 1.0460 area, while remaining...
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