DXY good position to BUY TRADE

In the second half of November, the price managed to break through the strong resistance level - 92.156, along which it moved throughout the previous month.

After breaking through the level, the price, as expected, fixed on it and after the second consolidation showed a strong fall. As a result, it stopped only at the strong support line 90.441.

This line has existed since 2012 and all price touches are extremes, maximum points on the chart during strong growths or strong falls. And each time the line changed the direction of the price.

Now we see that after touching the point 90.441, the price has already gone up and this is a good reason to open a buy trade. I suppose that the price can be consolidated on the line, so we set the SL below it at about 90.067.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻