us dollar trade idea – cullen outlook – formation finder
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Good Morning—
September US DOLLAR:
(DX-MU6)
BULL FLAG!!!
After struggling with the upper end of the flag channel for the past 2 days…
…this morning’s Unemployment Data pushed it out and to the upside. Let’s do this!!!
TRADE IDEA:
BUYING to enter at 96.25 (GTC) …last traded 96.40
Risk will be the 95.50 level …($750.00)
Objective will be the 98.00 level …$1,750.00
(short term obj will be the 97.25 level …$1,000.00)
initial margin is $1,540.00 per contract
So once you recognize a BULL or BEAR FLAG, how do you trade it?
Broker Tip VIDEO:
Click here to watch the short video that I put together on flag formations to help explain
Check out the September US DOLLAR chart… (click to enlarge)


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