Good morning, traders! Here's a quick update on the Dollar Index. It appears to be experiencing a substantial selloff, and indications point toward a repricing into lower liquidity levels.
Interestingly, in contrast, we're observing rallies in other dollar pairs, including EUR/USD. We made an attempt to take a swing position lower in EUR/USD yesterday, but as we've seen, sometimes recognizing when a trade is moving against you is an art in itself. We promptly closed that trade with zero profit, demonstrating the importance of swift decision-making.
This situation underscores the significance of monitoring correlation between currency pairs. Understanding these relationships can be instrumental in making informed trading choices.
As for the Dollar Index, it's worth noting the presence of a single-print level at 104.897, often referred to as a "liquidity void" in modern trading vernacular. This is a particularly attractive target for algorithmic trading, and it will be intriguing to see how events unfold.
Wishing you all a day of successful investing, dear traders.
Interestingly, in contrast, we're observing rallies in other dollar pairs, including EUR/USD. We made an attempt to take a swing position lower in EUR/USD yesterday, but as we've seen, sometimes recognizing when a trade is moving against you is an art in itself. We promptly closed that trade with zero profit, demonstrating the importance of swift decision-making.
This situation underscores the significance of monitoring correlation between currency pairs. Understanding these relationships can be instrumental in making informed trading choices.
As for the Dollar Index, it's worth noting the presence of a single-print level at 104.897, often referred to as a "liquidity void" in modern trading vernacular. This is a particularly attractive target for algorithmic trading, and it will be intriguing to see how events unfold.
Wishing you all a day of successful investing, dear traders.
Danel Fadejev
Founder, CORE 5 Tradecraft
Measure. Define. Qualify. Authorize. Execute. Protect. Record. Audit. Scale. Repeat.
— CORE5DAN
Institutional Logic. Modern Technology. Real Freedom.
Founder, CORE 5 Tradecraft
Measure. Define. Qualify. Authorize. Execute. Protect. Record. Audit. Scale. Repeat.
— CORE5DAN
Institutional Logic. Modern Technology. Real Freedom.
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
Danel Fadejev
Founder, CORE 5 Tradecraft
Measure. Define. Qualify. Authorize. Execute. Protect. Record. Audit. Scale. Repeat.
— CORE5DAN
Institutional Logic. Modern Technology. Real Freedom.
Founder, CORE 5 Tradecraft
Measure. Define. Qualify. Authorize. Execute. Protect. Record. Audit. Scale. Repeat.
— CORE5DAN
Institutional Logic. Modern Technology. Real Freedom.
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。