Friday, September 8, 2017

USD shows some sign of life

As DX is around a major support level USD exhibits strong intraday reversal. Gold drops 1.10 from the high:

EUR/USD looks as if can't break the 1.2100 and is about to make a bearish engulfing on the 4h chart:

Both AUD and NZD retrace:

JPY broke the 108.00 level but might just finish the week with a daily pinbar:

The UUP doesn't really support the false breakout assumption, it looks more like a retest of the previous support.

Anyway, the false breakout trade offers a good probability vs. potential gain relationship. 

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