Dxy and the metals

10 apr

4.10.24 In this video I thought I would go through the process of deciding if there was a trade or not on the dxy... I would lean towards this market going lower and I explain why even though I would not take a trade on the dollar because it's too contracted and isn't worth the effort because I'd rather trade more volatile markets such as the metals or oil although oil is not moving in a way that would entice me to a trade. The metals are very bullish, But they have completed ABCD patterns which would entice me to look for at least temporary correction lower. however the price action is so bullish I can't really say that I see the Sellers in a convincing way. What I didn't say in the video is that these kind of situations definitely work themselves out... and if you refrain from being too impulsive and getting into markets that are not clear.... you will find the right opportunity And a good probability reversal trade if you're patient.