Saturday, March 23, 2013

US Dollar Day Trading

US Dollar Day Trading ,Using DX E-mini Futures Contract

[caption id="attachment_6308" align="alignleft" width="150"]US$ market Direction US$ day trading[/caption]

US Dollar Day Trading Monthly H&S:

We can clearly see H&S pattern Monthly chart. Personally I don't like this short trade for few reason. Volume, buyers Pushing price higher than Left Shoulders. And on daily and weekly chart, we can see buyers trying to close above Red Trend Line. For those who are willing to take this trade. Long Term target will be MA 50, 79.80 and 200MA on monthly chart. Wait for the end of this month, before thinking to take a trade short on DX, few index will probably give us a direction for next  weeks. [caption id="attachment_6309" align="alignright" width="150"]us$ market direction US dollar day trading[/caption]

US Dollar Day Trading Weekly H&S zones:[...]

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