US Dollar Index bearish on flag breakout (Trading pullbacks) [Video]

Orlando Gutierrez Learn 2 Trade

The DXY broke yesterday with a bear flag in what seems to be a pullback from the 94.50 level (March 2020 lows). I'm keeping a short term bearish bias in this market and looking for a pullback to my key level to play the next bearish leg in the USD.

There are 2 markets where I'm planning a possible sell on the USD; EURUSD and GBPUSD. Both have broken with significative levels and pullbacks here yield high probability setups.

Whatch this video to see how I'm playing them.

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Author

Orlando Gutierrez

Learn 2 Trade

Orlando has been involved in the financial markets for about 10 years. His focus is Global Macro and he is a strong believer that the best way to trade the currency markets is focusing on the big picture and holding on to big macro trends.

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