This index had no brakes pushing up with a great momentum, which is good for operations that are long and locked in profits, but it has a high volatility downwards, a resistance will be close to finding liquidity for buyers. I prefer to wait for a smart shopping area after a pullback to enter long.
Since 2009 the dollar index has been moving in a bullish direction , I saw the price has rejected several times a zone I marked as Mayor Resistance that it might been posible to reject again but the price has dropped without further reaching this price line making a higher low and I see the possibility that the price can reach to find liquidity and drop again or...
Hello world, I'm looking forward to see a downside movement in this asset because the price went down in the breakout of the formed bullish pennant and I’m seeing a bounce to the 50% of the Fibonacci extension to the downside with a big a$$ candle, this gives me plenty confirmation of the price action. Trade safe! Never risk a lot! & this is not a financial...
Hello! First of all this in not a financial advice. the support from my last idea has been respected and the price stays above 50% of the Fibonacci extension momentum, which provides certain security for the continuation of the bullish trend in my opinion. My last idea was not profitable because the entry point was just above the 200 moving average and at that...
This is my opinion is not a financial advice! Thank for your opinion too! Trade safe.