Possible US Dollar making all time highs!

2021年7月23日

DXY
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

SMP Strategy

Market Direction: Long Position

Chart time frame - MONTHLY
Timeframe - 6 Months

You will see a very strong USD move to the north which will drive down commodity levels, Metals and the crypto market. This may last for 6 months so hold on!!
Plenty of opportunities in the second half of this year!
Whilst the dollar gains strength this may spook the market creating a strength in the gold and silver market so keep an eye out for the bounce!

Post Quantitive easing 1 through to 4 in the U.S there has always been a strong bull market roughly 13 months after the start of the easing programs. This will give you a rough indication on when to expect the next bull run for the index.

If the dollar does get to the projected all time highs this may cause the market to collapse.


A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 125.00
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ 92.8
Stop Loss @ .....
Trailing Stop Loss.....
Target 1 @ 125.00
Target 2 @ ....

Risk/Reward @ 1.7

Happy trading :)


Follow your Trading plan, Remain disciplined and Keep learning !!


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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!