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jasperlawler
Nov 12, 2018 8:07 AM

Dollar breakout: DXY > 97 is bullish Long

TVC:DXY1W
U.S. Dollar Currency IndexTVC

Description

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The dollar index has rallied strongly out of its consolidation to make a bullish breakout about 97 resistance

Scenario A) Price holds above 97 to target 99 in line with Fib replacements on weekly chart
Scenario B) False breakout and price falls beneath 97

Trade closed: stop reached

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Scenario B) False breakout
Trend AnalysisSupport and ResistanceFibonacciDXYdxylongdxyindexdollardollar_indexdollarindex
Comments
AlexKuptsikevich
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Agree with "Long" by this Index! Here is my trading idea:


Please, take a look and comment whether you agree or not.
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