FX.co ★ Tips for trading USD

Latest market signals show a possible surge in dollar demand in the near future.

As such, gold, which traded yesterday just a few points away from last week's low, showed a pullback, leaving a target at the level of 1951

Euro also formed a double bottom yesterday, indicating that sooner or later, market players will return.

Pound, on the other hand, found a great target level at the buyer liquidity at 1.23500.

All this indicates that traders should prioritize shorting the aforementioned instruments, aiming for the targets shown in the charts above.

The trading ideas presented are based on the framework of the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.