DXY just entered a pressure area:
- 91.80 was a support in first week of January then it was broken: now it can be a resistance level!
- 92.25 to 92.57 was a strong resistance in January so it could be a strong resistance level too.
Slowstochastic is Overbougth, which is a good confirmation for short.
Entry SHORT level: 91.50-91.25 with a confirmation at lower timeframes
OR
Entry SHORT level: 92.64-92.32 (using a sort of QUASIMODO, look at bull candles of Jan 8th and 9th) with a confirmation at lower timeframes
- 91.80 was a support in first week of January then it was broken: now it can be a resistance level!
- 92.25 to 92.57 was a strong resistance in January so it could be a strong resistance level too.
Slowstochastic is Overbougth, which is a good confirmation for short.
Entry SHORT level: 91.50-91.25 with a confirmation at lower timeframes
OR
Entry SHORT level: 92.64-92.32 (using a sort of QUASIMODO, look at bull candles of Jan 8th and 9th) with a confirmation at lower timeframes
Comment:
No rebounds, so I didn't open the trade.