TRADE OF THE WEEK | Classic Trend-Following Trading đź’°
Hey traders,
Dollar index is trading in a long-term bullish trend.
After the index set a new high at the beginning of March
the market started to consolidate within a horizontal trading range on a daily.
I was looking for its bullish breakout as a trigger to buy.
Daily candle close above the resistance of the range confirmed the breakout.
On a retest, I was looking for an intraday confirmation to buy.
My confirmation was a tiny inverted h&s pattern on an hourly time frame.
After the price formed a confirmation pattern, the market bounced sharply.
Great winner!!!
Did you catch this move?
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