DOLLAR expect to open a BUY TRADE

In November last year, the index price fell from the local resistance at 94.18 and lost a lot of positions. During this prolonged decline, which lasted until December, the price was able to break the 91.36 support line. Then - the resistance line 90.63. And stopped only at the 89.76 support line.

From this point, the price began a new growth, the ascending channel became its guides. In early February, having broken through the resistance line 90.63, and then the upper border of the channel 91.08, the price left the channel. However, after a few days it fell again - then the breakout turned out to be false. During the fall in the channel, the price broke through the resistance line this time at the point 90.48 and now continues to fall.

I expect it to reach the bottom of the channel, the support line at 90.25. And from this point, a new growth will begin to the upper border of the channel. And this is a great position to open a buy trade! I will never tire of reminding you of the importance of SL - look for it below the support line at 89.95.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻