So here is an example of a trade I currently have on the principle of trading back into the wick.
Notice on MT4 on the 4 hour chart there was a wick that had been formed.
Notice the 5minute chart on trading view
The goal is to trade back into the red vector zone on the weakness of the dollar.
From now until the news comes out tomorrow Dxy may be taking a beating to be set up to drop to come back up on the news.
Let’s see how this plays out
Mad love
T
