Follow the trend and cover the positions
Today I’ll follow USD downtrend with a long position on GBP USD and two short positions on USD CHF and USD JPY. I’ll cover those trades with a short position on EUR USD.
If the dollar continues to fall I should make profit on three trades.
If the dollar reverse I will lose on three trades but EUR USD short should cancel the three losses.
If the dollar doesn’t move I could lose on the four trades.
To take my positions I use EUR GBP and correlation
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