Day 470: Dollar hitting a potential resistance

Profit: $7.79 Total: $887.69

The opening for Sunday after Thanksgiving along with today’s session was surprisingly lively. The dollar opened up very weak but was able to play catch up during London. New York was compromised of the dollar bulls and bears fighting but couldn’t decide on a clear winner. The market looks very interesting right now because the Dollar is still very strong, but looks like it can potentially soon.

I made most of my profits by scalping dollar shorts against USD/JPY and EUR/USD. Although I did not expect a complete reversal in the dollar, I still knew there were opportunities to have short scalps. The dollar has been rising for a bit now but it looks like there can be a potential pullback.

The blue rectangles represents how far the dollar pullback every time it hit this resistance line.

 

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