An Effective Combination Properly Timed can result into a good trade!
Justified by the fundamental comments by Mario Draghi and the Jobless data: applying an appropriate technical analysis prior to the reports have made it more encouraging that volatility defined through a divergent trend before it occurs has proven to be an effective strategy.
The higher probability can best be seen after the fact as prices for the DXY have already moved slightly above the 96.05 levels as the figure shows. Whenever no session pullbacks happen and with a sustaining bullish sentiment remains, then the next probable move for a follow through is more likely to occur. Of course, it is how we perceive the market direction, but respect for what the market would do will still prevail as it dictates its direction based on the flow of dominating market players.
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Technical Perspective Backed by Fundamental Reports |
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