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Elliot_Myers
Sep 5, 2016 9:43 PM

US Dollar Analysis and entry help Long

Dow Jones FXCM Dollar IndexFXCM

Description

Hi traders just sharing analysis for the USD Dollar index and how to pick a great entry.

Potential buy at any failed re-test of the blue line which also aligns with the RSI and historic support levels.

Potential sell at the 61.8% fib level which aligns with previous resistance.

The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested.

Good luck!
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