💡Ross’ Weekly FX Recap explains the sell-off in the US Dollar Index and how it served as a catalyst to go short in two currency pairs: USDCHF and USDJPY. On both opened trades, Ross accumulated 54 pips total. We suggest you review the trading levels Ross discusses during this recap as those will help you this trading week. All in all, if the greenback is set to continue the downtrend this week, then other US pairs are set to start corrective moves.
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📄Ross Mullins | Trading Guidelines
📌Historical levels tend to repeat as markets have memory. The smart money always leaves the necessary evidence for us to see where key decisions were taken. It is wise to follow their footsteps and avoid challenging the trend unless you measure your risk in the counter trade.
📌Low Risk/High Reward opportunities are the name of the game. In every single trade, it is imperative and your responsibility to measure your position size and evaluate your risk tolerance.
📌You make money in financial markets when you buy low, then sell high and when you sell high and buy low. If you buy any asset class at the all-time high your upside reward is capped. On the other hand, if you sell at the lowest low, then the odds are not in your favor.
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