As you can see from the charts both Eurusd
and dollar index
or showing opposite trade setups. So in Eurusd
once the market breaks the flag pattern
and closes above the zone we can go for a long. At the same time once dollar index
closes below the rising wedge
we can short the market below the zone for the given target.
Now this is how a institutional traders compares a trade setup with dollar index
, Hope this helps. Cheers!