Dear rijay ,, my system is not price action . I only trade with bbsqueeze . and I don't trade by USDINDEX , just analyse the 7 major chart .rijay wrote: Mon Dec 10, 2018 10:19 pm
no one will enter before price action confirms break on usd index, just need to see what ecb does, on signaling of timing of interest rate hike. till then remain on sideline. as there is compression going on in usdindex on daily charts. more the compression , stay more on sidelines, before next expansion confirmed by price action. :--)
but usd getting weaker in american session is surely pointing to weakness of usd,
just as rule any countries currency getting weaker in their country's session is initial signs of weakness.
every trader has own system .
I hope you trade well and make profit day by day .
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USD/CAD hit the stop ,, but USD/CHF doing great !!
