BUY EURUSD & GBPUSD as soon as DXY breaks this High
Updated
It will then hit a bearish breaker causing it to retrace. At that time will be the time to pull the trigger on GU AND EU as they're both breaking/near lows.
Trade active
It's running6 to 7 pips in profit on EU and GU
Comment
Trade closed manually
I unloaded and closed a bunch of position on EU and GU s as soon as the DXY Broke the high and hit the bearish breaker. And now I'm done for the day. 12 positions getting 10-15 pips. That's all you need. 15 pips on EU
15 pips on GU
Boom Done for the day. All it took was timing.
Comment
If you understand Smart Money Theory, watching the dollar make equal highs, you know it's going to break them, and watching EU at it's "Support area" I knew it was going to go below that too. Why? Liquidity, everyone was buy EU at the bottom. I was actually selling it and watching DXY for the break. I got about 30 pips on the EU Sell through the bottom and then turned around and bought both EU and GU as son as the DXY Broke that high. I knew it was going to break those equal highs because people were seeing it as "resistance" and selling at that area. Smart Money bought through it, triggering buy stops and then ppulling them back and taking out their stop losses, while at the same time, anyone who had a tight stop loss that was selling the DXY got knocked out when it broke those highs, Smart money just knocked a bunch of people out. You can see the bearish breaker in the 5 MIN chart that was going to reject it just above the high. So I waited for it to hit that breaker and then I just bought EU and GU as fast as I could.I left a trailer on each and closed out EU at even. But GU just got me another 25 pips.
Comment
If you're holding GU your up 40 Pips!! Trade closed: target reached
GU Broke it's intermediate high, at that high you could see the same struggle of liquidity. People shorting at that high when it was just below the equal level. I was buy at 1.36500 and waiting until it hit 1.36800 (Previous high) and getting another 30 pips on that scalp.Trade active
If you held GU you're up 60 pips as it's challenging a new high If you held EU you're now up 30 pips
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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