chartwatchers

US Dollar Index - First stop

TVC:DXY   US DOLLAR CURRENCY INDEX
551 2 22
So far so good.
It's doing exactly what we were waiting for.
Now we tagging the trendline. I will take profit on half of the position here as this level
will be a strong resistance.
But I'm still looking forward to tag the trendline. So with the rest of the position I'm waiting.

I would not open any position here only closing half of the shorts.
2use
3 months ago
Interesting and seems quite well thought through - will be watching
Reply
Hi Arpi, Why do you think that the trend line will not hold? We are reached ABCD target perfectly landed on that trendline. We are at time to paint second DCL 39 bars. RSI is low enough for DCL. I think dollar should have a nice bounce from here to respect the line and we already had quite a lengthy decline.
snapshot
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