Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: Sell Resistances Post Plunge and more

In today’s briefing:

  • Sell Resistances Post Plunge

Sell Resistances Post Plunge

By Thomas Schroeder

  • NDX, DAX, Asia short levels met ahead of the CPI print. Today’s insight focuses on near resistance points to sell into after the conviction bear turn and reiterates downside targets.
  • Game plan was to short strength Monday/Tuesday and used pivot support/trailing stops to unwind some long exposure.
  • Call to buy the USD on this pullback at DXY 108 worked well with a focus on Euro, ZAR, and weaker Asian FX.

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