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DXY (dollar index) Analysis – October 25th, 2018

DXY Analysis

We saw the peak of the Big Sellers Profile at 96.53 (MM at 96.50), this was expected because this represented an LQP (liquidity pool). We can see another smaller Sellers Profile inside of the big one. This will eventually complete at around 95.30, which is a very familiar area for anyone that follows my trades. This is where the big and small Sellers Profile will merge together and this is also an area where the Big Sellers Profile could fall apart.

I’m waiting for a good entry for E/U and Gold and I expect volatility this morning to start around 8:30 and keep going until 10:30 am, should yield a lot of good opportunities.

As always, do your own analysis, this is only how I trade. You can find me in the MoFoG (myownforex.guru) chat until noon most days, I usually call out 2 trades that I do and then I’m available to answer questions until noon.

If you like my post, please give me a good rating!

DXY Analysis We saw the peak of the Big Sellers Profile at 96.53 (MM at 96.50), this was expected because this represented an LQP (liquidity pool). We can see another smaller Sellers Profile inside of the big one. This will eventually complete at around 95.30, which is a very familiar area for anyone that follows my trades. This is where the big and small Sellers Profile will merge together and this is also an area where the Big Sellers Profile could fall apart. I'm waiting for a good entry for E/U and Gold and I expect volatility this morning to start…

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DXY Review October 25th, 2018

DXY Review October 25th, 2018

About Chris

Chris Wittusen started trading in early 90's, mainly in stocks but is now mainly trading in Forex (currency trading). He also manage a successful Forex group on Facebook, where he shares his knowledge to other people that want to learn more about how to trade in Forex. His technique still applies to both Forex and Stocks due to his style of naked chart trading along with box trading.
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