This trade has a little more detail.
I have a Huge buy bias for DXY which is the DOLLAR.
Reason being from fundamental analysis. (news).
In summary Dollar had some positive economic news.
So because this is my bias I am looking for where fundamental and technical analysis agrees.
I am only looking for sells.
**Only downside is how strong sell momentum is so entry is very key here I believe patience is key and even if price goes my
way I may not enter without an extra confirmation such as a retest or price action.**
Reasons for entry:
-Moving average above price
-Downtrend
-Fundamental News
Where to enter:
-At 1.38 level, if price retraces.
-At 1.375 If price closes below and retests.