ICEUSA:DXZ2015   U.S. Dollar Index
42 3 2
Dollar is sitting at cloud support however still bullish on weekly
Sitting at a buy point here. Cloud is thin though so not enough for
me to fire a long yet
That's a very nice buy entry.
Reply
Kumowizard IvanLabrie
Nope, it's not such a good long entry point, as we have a lower low. Ichimoku picture is completely neutral with future Kumo shade over price. Chance for a weak bearish T/K cross increasing too. Current Kumo is very thin below price, so it can easily break down through it, which would validate a double top formation too.
Good risk reward buy signal would be above 97,65 only (bullish Price/Kijun break)
Reply
IvanLabrie Kumowizard
Good point.
I'd like some more rallying in eurusd to short it higher, but we'll see.
News today and tomorrow will pave the way for new trends where we can sit for months, don't you think?
Reply
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