see the chart for technicals
0.5fib level on long term weekly chart was tested/formed resistance
downtrend line has been broken and retested
invers head and shoulders forming
in addition 'fundamentals' - the orange nitwit is (trying to) push through his tax reforms which may/should be dollar bullish
all possibly good reasons to be bullish the USD again on pullbacks
what do you think??
0.5fib level on long term weekly chart was tested/formed resistance
downtrend line has been broken and retested
invers head and shoulders forming
in addition 'fundamentals' - the orange nitwit is (trying to) push through his tax reforms which may/should be dollar bullish
all possibly good reasons to be bullish the USD again on pullbacks
what do you think??
Note
Note
neckline broken!
testing previous high, now we need to close above the neckline for confirmation and we can long the USD - preferably against weaker pairs (AU, NZD or GBP)
Trade active
close above neckline AND above the previous top = bullishness confirmednow looking for pullback to enter
Trade active
pull back came a bit late... but we have a nice pin bar now on daily and rejection/close above daily 100ma. going long here in small position to see how the week end and may add more at market open
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.