Hello traders! I've finally reached this pair too! Let's start with #USDX on the H1 timeframe. I'm using the Parabolic indicator to determine trend reversals, with a price of 97.17. The previous candle closed at 97.15. Since the Parabolic is above the closing price, selling pressure is currently dominant. Oh, I almost forgot about another indicator in my arsenal. Of course, it's the Moving Average with a price of 97.14. So, the indicators are telling us it's time for buys only. No selling allowed. There are NO buys, just as there are NO sells. But this doesn't mean you can't trade using other systems. This is just based on my signal. I adjust my stop only in the direction of the open trade, with the help of the Parabolic once again. The daily chart provides a clearer picture with more price movements, but consequently, wider stops. Analyzing the prices on the daily timeframe: candle close at 97.19, Parabolic indicator at 98.70, MA indicator at 97.65. Selling seems more interesting in this situation.
