June US dollar index:
1. In yesterday’s (Tuesday, April 5) Williams edge live meeting it was noted that any 2 hour close above $94.80 in the June US dollar should be bought for a test/attempt at $94.30 or higher.
2. Subsequently a 2 hour close occurred at $94.86 indicating new long entry. The market advanced to a high of $95.07 (approximately 20 pips in our favor) and reversed sharply from that level.
3. We are assuming no initial profit exit and an approx. $94.80 protective stop, as we are slow to move our stops to breakeven in the currencies. This resulted in a small loss (approximate 6 pips) on the entire position. Will message any further entry or indication in the June US dollar.