BLUE43

DXY - DOLLAR BOUNCE - 8h time frame

TVC:DXY   US DOLLAR CURRENCY INDEX
92 0 19
8 months ago
Like we can see ther is a bounce RSI green area on this box. When price come in there is some impulse to buy.
On daily we have some divergence (very small), bigger on lower time frame.
On 8h the divergence is much bigger
So, can we really expect a reverse down of the dollar soon or is dollar going up into a new channel ???

Trade your plan - if you dont have any, avoid to trade - stay safe

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Update status

8 months ago
Comment: (Warning. I am a private trader. I don't sell any signals, equipment or other sources of learning about forex . I am here to share ideas based on technical analysis to improve me on Forex practice. Trading forex is dangerous and can result in significant financial losses. So I am not responsible when the results of the positions to be taken on the basis of my charts since these constitute no basic signals but simply my own market analysis. As i always says, trade your plan and if you don't have any, avoid trading.)
https://www.youtube.com/watch?v=VLO4IeRb-lA&list=RDVLO4IeRb-lA#t=294
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