Lingrid

DOLLAR roll back to support and GROW

Long
TVC:DXY   U.S. Dollar Currency Index
The price continues to move in a downtrend, which formed after the price broke through the resistance line 92.93 in November 2020, above which it moved for quite a long time.

After the breakdown of the line, the price moved along the level 92.18. However, at the end of November the price collapsed and broke through this level. And stopped only at the 89.77 support line. The price touched the line and began to grow from it, after which it fixed on it at point 89.42 and started a new growth.

But as it is already clear, after a short growth, the price began to fall again. And I assume that in this way it will work out the second pullback and once again touch the support line at 89.33.

Then it will use the support and start a new growth. Thus, I expect the final target - the resistance line 92.07.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Contact for accurate private forex & crypto signals in Telegram @lingrid

Forex 💲
https://lingridedu.com/telegram

📱instagram: https://www.instagram.com/lingridsignals
💻YouTube: https://www.youtube.com/channel/UCYepXbjcDmPHzl07Y7DxiBg

Comments

I love your thoughts!
+1 Reply
Lingrid Solldy
@Solldy, 🥰
Reply
respect your work
Reply
Lingrid TradingAlchemist
Reply
Good as always
Reply
Lingrid DeGRAM
@DeGRAM, thank you)
Reply
How on Earth are you bullish on the dollar? It's heading straight for 85. Massive equity and crytpo melt-up incoming.
Reply
Lingrid gata9aigata9ai
@gata9aigata9ai, yep, i'm bullish)
but before growth, price will go down of 89.33
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out