DOLLAR INDEX (DXY) 1d ,,, the dollar is bearish which should be reflected on the stock market . But before price goes lower it has been mostly correcting for the whole month .I think this stance should continue until the issue of straight or Hormuz is resolved in full . If price in fact does continue correcting then we should expect any longterm movement on currencies pairs
Once you understand what dollar index is doing so your do the opposite on EURUSD on GBPUSD and do the same with USDJPY AND USDCAD
GOLD (XAUUSD ) AND SILVER (XAGUSD) and OIL (WTI ) these pairs are to be avoided if your don't know what your doing , first they are in a correction phase and any news positive or negative that comes from US IRAN conflict might cause significant price moves that is your in wrong side it will hurts you . Am using them as indicators fro now to gauge what the dollar index will most likely do
These short term daily trades with 1;3 are great way to gauge the week start
Elliot waves analystππ
IF PRICE DROPS .. PUT YOU SELL STOP ORDER ON EURUSD PRICE ;1.16379 STOP ;1.16329 TP ;1.16535
If price hasn't trigger your order then remove the order as the time to trade it has passed