TradingView
JaimePantoja
Oct 9, 2016 2:08 AM

DXY - Technical Diagnosis 

U.S. Dollar Currency IndexTVC

Description

So Far the price fits its action within the boundaries of an Up Trend Channel, therefore I would expect a corrective movement around the lower limit and in a lower time frame look for long set ups ... lets see how the price action evolves ... trade with care

Comment

So far the price has gone to test the LSH, therefore the market fits its action in the middle of the Trend Channel, therefore I prefer to wait until it reaches some extreme because there is the place where the traders get fearfull and significant movements with good Risk:Reward ratios take place

Comment

after breaking the LSH. it is likely that the price is going to look for the upper limit of the trend channel
More