For advanced traders, proceed with caution.
It's not a straight foward trade. But if you are good with identifying pullbacks, heres an opportunistic trade for you:
DXY is expected to continue its upward movement + Brexit uncertainty will further push the price to newer lows.
Wait for a pull back before entering short.
Pullbacks should be timed on the lower timeframe.
Setup 1:
Price doesn't break 1.27100 we go long, SL below 1.27100. Expect double bottom to form.
Setup 2:
Downward continuation. Wait for a pull back confirmation before shorting.
DXY is expected to continue its upward movement + Brexit uncertainty will further push the price to newer lows.
Wait for a pull back before entering short.
Pullbacks should be timed on the lower timeframe.
Setup 1:
Price doesn't break 1.27100 we go long, SL below 1.27100. Expect double bottom to form.
Setup 2:
Downward continuation. Wait for a pull back confirmation before shorting.