In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we observe the first two big breakouts for the dollar.
The dollar has been threatening to break out to the upside again most of the major currencies. This process has already technically started and it is these two markets which get our immediate focus. The first trade which represents a high probability trade to the upside is the USDCHF. We have already seen a breakout above the monthly high of 1.0126. As a result, we will be looking to trade above yesterday’s high above 1.0158.
Similar situation in the second market, the NZDUSD. Although this trade opportunity is to the downside below the two day low of 0.6663.
Finally, it is worth noting that trading volumes are likely to be much lighter over the bank holiday Easter weekend, so if you get the opportunity to book in profit do look to take it. From everyone here at TheLiveTradeRoom have a great long weekend and we will be back again on Tuesday.
First Two Big Breakouts for the Dollar – Full Video Analysis
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