TEXT BOOK DIAMOND CONTINUATION PATTERN
I can't believe what I am looking at, this is a Diamond Formation on U.S. Dollar Currency Index indicating that we may soon see USD to go way higher.
Currently I am shorting Chinese Yuan as they are likely in trouble with FX reserve due to recent halt on most industries, the country is extremely vulnerable under current situation.
BUT, this doesn't mean you cannot trade USD with other pairs, because what we are looking at here is the Dollar Index.
Pick any pair besides JPY which tends to be bought during RISK OFF times. Something to keep in mind is lack of liquidity, you don't want to trade minor pairs with high leverage.
This is not an investment advice, trade with care with your own risk!
Currently I am shorting Chinese Yuan as they are likely in trouble with FX reserve due to recent halt on most industries, the country is extremely vulnerable under current situation.
BUT, this doesn't mean you cannot trade USD with other pairs, because what we are looking at here is the Dollar Index.
Pick any pair besides JPY which tends to be bought during RISK OFF times. Something to keep in mind is lack of liquidity, you don't want to trade minor pairs with high leverage.
This is not an investment advice, trade with care with your own risk!
Dagangan ditutup: sasaran tercapai
YouTube goo.gl/BkRuQL
Twitter twitter.com/vilasignal
Twitter twitter.com/vilasignal
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
YouTube goo.gl/BkRuQL
Twitter twitter.com/vilasignal
Twitter twitter.com/vilasignal
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.