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US Dollar: Wait For The +BOS, Then Buy It!
Welcome back to the Weekly Forex Forecast for the week of Oct 6 - 10th.
In this video, we will analyze the following FX market: USD Dollar
The USD is technically still bearish, trying to find support for higher prices. A US government shutdown is not helping that case! However, personally, I am still looking toward the upside.
Price is still holding at a bullish discount array, an +OB. As long as the +OB is respected, I am looking for higher prices.
A bearish BOS will make looking for higher prices invalid.
So, let the market show its bias before entering a trade. Look for the confirmations to its direction.
Don't take trades inside the middle of consolidations!
Wait and react. Do not predict.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
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