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krugman25

USD / DXY - Bullish Weekly Pin Bar Signal

Long
U.S. Dollar Index (TVC:DXY)  
krugman25  
TVC:DXY   U.S. Dollar Index
Candlestick Analysis Trend Lines Pennant USD EURUSD dollar Forex priceaction Pin Bar
6
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candlestick trendline pennant usd eurusd dollar forex priceaction pinbar
The US Dollar formed a very bullish candlestick pattern last week. The pattern was a large bullish pin bar from a pullback off of a swing high. There will be an immediate test of resistance at the 97.00 level and if that is to break we could see it quickly rise up to the 99.50 - 100.00 level before meeting for serious resistance. I wouldn't be shorting the dollar right now, but for those who are long I would use these levels 97 and 99.50 as areas for trade management.

I am currently short the EURUSD.
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