TradingView
DeGRAM
Feb 24, 2021 9:19 AM

DOLLAR growth in the channel Long

U.S. Dollar Currency IndexTVC

Description

The price moves in a straight channel.
The basis of this channel is a historically strong support level.
The price touched this level (+ lower channel line) around 89.99.
The channel has existed since December.
During this time, there were several breakdowns.
But in early February, the price returned to the channel.
She accomplished a movement: falling - rising - falling.
Now the price is in the support zone at 89.99.
I expect her to grow up to resist.
Target 90.95.

--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Comments
UnknownUnicorn15614419
Do you consider the option of repeating the level breakout that happened in January this year?
DeGRAM
@TradingStat, No, I'm not expecting breakouts at the moment.
Lingrid
Are you not concerned about the high debt burden of the US business?
Which at the moment, according to the Fed, is at a historical high
DeGRAM
@Lingrid, In contrast, all measures to restore the economy can be considered.
TradingAlchemist
with what slwill i protect myself break even?
DeGRAM
@TradingAlchemist, SL - 89.6 bro.
Solldy
As we can see, the price started moving in the direction of your arrow! This is a great result! Thank!
DeGRAM
@Solldy, Thanks for the words.
More