Happy Forex Market Monday! Today, I’m setting up alerts across key Forex pairs and cryptos to monitor price action in the dollar and Bitcoin, both of which are driving market moves.
Key Points:
Dollar Index (DXY): The dollar is testing prior highs, and with such a strong move, I’m waiting to see if we get a pullback. This would signal potential trades in dollar-denominated pairs.
Forex Strategy: My focus is on the Euro and GBP pairs for dollar strength plays, while the pound-yen pair is on watch for range breakouts.
Bitcoin Rally: Bitcoin remains the leader in crypto, pushing toward the psychological $100K mark. I’ll likely trim positions around $95K to lock in profits if we see continued strength.
Altcoin Watch: Solana continues to break out and target $300, while Dogecoin might offer a pullback entry near $0.25 if it can hold support.
At StatsEdge Pro, I use backtested alerts to time these entries and exits, and we discuss setups in our Discord room as they play out. Join us at StatsEdgeTrading.com for more insights!