Open trading account 
I've taken some bearish USD positions once again.
A few weeks back, I got burned on these exact sentiments, but once again my analysis shows that there should be pull back in trend on many pairs like the GBPUSD, EURUSD, and USDNOK.
I didn't manage to get the entry in for GBPUSD, although I have it on my personal account. I'm also long Gold since last week as well, although the dip on Tuesday reduced my position size greatly. NZDUSD is a trade I took on my personal account, but got stopped out on the contest account on that one.
All the pairs showing potential for reversal, hence my bias behind a bearish USD.
The chart below shows the weekly USDNOK which I've shorted in the contest. You can see the resistance zone on this chart hinting at a pullback from current levels at the very least. I'm targeting the previous resistance zone at 6.18 for this short position.
A few weeks back, I got burned on these exact sentiments, but once again my analysis shows that there should be pull back in trend on many pairs like the GBPUSD, EURUSD, and USDNOK.
I didn't manage to get the entry in for GBPUSD, although I have it on my personal account. I'm also long Gold since last week as well, although the dip on Tuesday reduced my position size greatly. NZDUSD is a trade I took on my personal account, but got stopped out on the contest account on that one.
All the pairs showing potential for reversal, hence my bias behind a bearish USD.
The chart below shows the weekly USDNOK which I've shorted in the contest. You can see the resistance zone on this chart hinting at a pullback from current levels at the very least. I'm targeting the previous resistance zone at 6.18 for this short position.
