peterbokma

DXY-BUY strategy

Long
peterbokma Updated   
TVC:DXY   U.S. Dollar Index
DXY is not a confirmed buy as yet, but looking at the triangle, we got double bottom @ 1.0088, and resistance @ 101.89.
Looking at the MACD and RSI I feel BUY strategy to be in plcae, and would venture being long.

BUY current 101.65 and place stop-loss @ 100.68. The market will go more lower when the double bottom breaks, and we may even join when that happens. The profit order for our LONG I feel to be somewhere @ 1.0390 for now.
Comment:
Profit done @ 102.65 for now. see new update today

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