Hello Everyone i want share my idea about US economic indicator.
US economic is very strong what we hear but when i am looking that that price action tell me they are falling.
This picture is simple, if my technical analysis will work here we have some strong RSI divergence, if indicator will drop below 50 LVL we will see some little trend change at lower timeframe but, if it will continue fall then we will see dollar fall too. Price were 3 times in overbuy, first and second time it fall but not too much and third time we have more clear divergences.
For my prediction i need close this month below of last month low and give me new low-high. then i will try short Dollar index. for that it need few weeks to see we are right or not but at the moment i think i am right.
BE PATIENT!!!
US economic is very strong what we hear but when i am looking that that price action tell me they are falling.
This picture is simple, if my technical analysis will work here we have some strong RSI divergence, if indicator will drop below 50 LVL we will see some little trend change at lower timeframe but, if it will continue fall then we will see dollar fall too. Price were 3 times in overbuy, first and second time it fall but not too much and third time we have more clear divergences.
For my prediction i need close this month below of last month low and give me new low-high. then i will try short Dollar index. for that it need few weeks to see we are right or not but at the moment i think i am right.
BE PATIENT!!!
Comment:
All trader need to pay attention this thing because that not happen usually!
Comment:
The First moves after publish that idea was perfect which gave me lot of right positions. but still looking that if i am right and if i am right in long term.
Comment:
Do you still believe American economy is still strong?
