justatrader

Dollar Index: It comes down to this.

INDEX:DXY   U.S. Dollar Index
341 11 6
Horizontal Support + Completed Divergence + Median line bounce

You know what to do.
lower TF (15mins) turning out to be a bull flag
+1 Reply
Nice works thanks! The pitchfork is almost perfect
+1 Reply
Cheers!! Its not just the pitchfork, but multiple things in play here (bullish divergence + pitchfork + support).

But first, we're not out of the woods yet, although the bullish candle at support looks a bit promising. Expecting a rally to 98.45 and that should probably seal the deal for USD to never see 100 again, at least for a month or two.

So far price action at this level has been disappointing. I thought the bulls would come in and push up the $$. No signs of that yet.
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sorry, could you explain "+ Completed Divergence" in detail? thanks
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justatrader PRO fxstudent299
Please check out Andrew Cardwell's RSI divergence and you'll have all the info you need. Focus not on 'RSI' but the divergence aspect of it
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have no idea
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Hehe.. then you should get some popcorn and watch EURUSD, Gold around US session. It could turn out to be the best entertainment ever. And be sure to have an intraday chart on (5min/30/mins or 1hr).
+1 Reply
sell eurusd :P
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