US Dollar Index. Expected to move up
Updated
Yo traders,
Been a long time since i have posted trades.
Here is a one which i rarely trade but looks good for a setup.
US dollar has been very weak for a long time now and is expected to be weak going forward for the next few months with the printing of money taking place.
But looks like to fall down further there might be a pull back.
If you look at the charts the the price has approached and rejecting the weekly support.
RSI has also given a divergence on the daily TF giving a multiple confluence for a movement upward.
I will wait for a bullish close on the daily and look at 4HR chart on the daily before taking entries.
with Bullish indication on US index affects all USD pairs. Trade accordingly.
Please like comment and share for support
thanks
Madtradex
Been a long time since i have posted trades.
Here is a one which i rarely trade but looks good for a setup.
US dollar has been very weak for a long time now and is expected to be weak going forward for the next few months with the printing of money taking place.
But looks like to fall down further there might be a pull back.
If you look at the charts the the price has approached and rejecting the weekly support.
RSI has also given a divergence on the daily TF giving a multiple confluence for a movement upward.
I will wait for a bullish close on the daily and look at 4HR chart on the daily before taking entries.
with Bullish indication on US index affects all USD pairs. Trade accordingly.
Please like comment and share for support
thanks
Madtradex
Note
Checking the lower TF the trade has moved 79 PIps in our direction..Waiting for correction and then move up again
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