The U.S. Dollar Index is trading inside a Channel Up pattern for more than 2 months.
The price is approaching an inner Rising Resistance, similar to late August, a quick breah of which caused the Higher High peak on Fibonacci 1.618.
Trading Plan:
1. Sell on the Rising Resistance.
Targets:
1. 105.350 (bottom of Channel Up, Fib 1.0, -1.44% from a potential top).
Tips:
1. The RSI (4h) is already overbought. An additional sell indication.
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Notes:
Past trading plan:
The price is approaching an inner Rising Resistance, similar to late August, a quick breah of which caused the Higher High peak on Fibonacci 1.618.
Trading Plan:
1. Sell on the Rising Resistance.
Targets:
1. 105.350 (bottom of Channel Up, Fib 1.0, -1.44% from a potential top).
Tips:
1. The RSI (4h) is already overbought. An additional sell indication.
Please like, follow and comment!!
Notes:
Past trading plan:
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