Double Bottom On US Dollar Index, Just Another Reason To LONG
The concerns over the second wave of Covid-19 has put US Economy into recession again, mostly on retail and manufacturing sides. However, double bottom on the chart gives us a hope that the US Dollar Index might recover in the short run.
Key Trading Plan:
i) LONG from the current price with the Take Profit Target at 97.84.
ii) SHORT if the price breaks the support level 95.72 with the Take Profit Target of 95.08.
‼️Disclaimer: Please be advised that we are NOT Financial Advisors. We are not responsible for the results of your Forex or CFDs trading. The only person responsible for profits or losses is yourself. You should not consider any market information, educational and analytical material as trading advice that defines your trading actions but purely as educational market material. Please be advised that S.I.D. Capital shall not be liable for any errors in quotes and trading platform software errors.
‼️This Channel and all information is intended for educational purposes only and does not give financial advice. S.I.D. Capital Signals is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities.
Key Trading Plan:
i) LONG from the current price with the Take Profit Target at 97.84.
ii) SHORT if the price breaks the support level 95.72 with the Take Profit Target of 95.08.
‼️Disclaimer: Please be advised that we are NOT Financial Advisors. We are not responsible for the results of your Forex or CFDs trading. The only person responsible for profits or losses is yourself. You should not consider any market information, educational and analytical material as trading advice that defines your trading actions but purely as educational market material. Please be advised that S.I.D. Capital shall not be liable for any errors in quotes and trading platform software errors.
‼️This Channel and all information is intended for educational purposes only and does not give financial advice. S.I.D. Capital Signals is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities.