DXY Buying opportunity

24 Sep 2014

We will take a long position in DXY on the first test of the first black line. Logic behind the long position is that demand exceeds supply, you can notice the imbalance in the yellow shaded areas, now guess what? Smart money managers will take a long postion at the origin of the breakout and sweep at the money of the retail traders. Don't forget to put your stop below the yelow shaded and area and make your reward higher. Good luck