DXY Is Back In The FCP Zone - Jan 2021 Plan
Traders, DXY (Dollar) is creating a bullish divergence on the relative strength index. DollarIndex is oversold anyway and can push it higher in 2021 up to 95 level or higher. Markets are by nature designed to create maximum pain/frustration and maximum euphoria. Once they reach they peaks, they tend to revert back to their real value or reversion to the mean as it is called. So Dollar may be reaching its bottom for now.
Watch out for the market open this week and let it stablise before taking any trades.
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-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
Watch out for the market open this week and let it stablise before taking any trades.
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
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