JakeSummers4x
Short

US Dollar Index - SELL?

FX:USDOLLAR   Dollar Index
I may be completely wrong, but here's a possibility.

We have a double Inside Bar on the Daily Chart .

Price didn't reach the bottom of the falling channel, so this bullish action might simply be an over correction.

We could meet the top of the Daily Inside Bar range, then fall back into the channel.

We know the US economy isn't as strong as it's made out to be, so I will be surprised if we see another medium term all to the upside without some more consolidation.

Related Ideas

JakeSummers4x
a year ago
I may add, *We know the US economy is seeing false strength which cannot last*.
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KayJay
a year ago
Fed rates will soon come in to play, nice charting bro
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JakeSummers4x KayJay
a year ago
Thanks you
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JakeSummers4x JakeSummers4x
a year ago
-s
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