Hello everyone! I want share my idea about dollar index.
On dollar we have pretty bearish trend which is close to 1W support from where it showed us a small uptrend but today it came up from broken support with big impulsive candles. what does it mean? its look like double bottom and its positive for dollar bullish scene and what we need for that? we have here price divergence, divergence most time show us price start opposite direction, for that I can share my price prediction long side, only for that we need brake first down trendline and then 102.700 resistance, after retest on broke resistance we can open our long position.
That's all, I think next week we will see real dollar price movement, if it will continue trend then we will see what it will do on week support which is on 101.100
On dollar we have pretty bearish trend which is close to 1W support from where it showed us a small uptrend but today it came up from broken support with big impulsive candles. what does it mean? its look like double bottom and its positive for dollar bullish scene and what we need for that? we have here price divergence, divergence most time show us price start opposite direction, for that I can share my price prediction long side, only for that we need brake first down trendline and then 102.700 resistance, after retest on broke resistance we can open our long position.
That's all, I think next week we will see real dollar price movement, if it will continue trend then we will see what it will do on week support which is on 101.100
Comment:
Dollar broke resistance! waiting retest it.
Trade active:
Long position opened
Target-103.800
Target-103.800
