Long entry in usdollar

FX:USDOLLAR   Dow Jones FXCM Dollar Index
45 0 0
Price hit the 50% retracement at 11840 and bounced nicely.
I am now long from 11850 with a stop laying about 20 pips below the 50% retracement at 11820
1st profit target is marked on the chart. if it comes to that i will move my stop to breakeven, and wait to see if price can reach the next downsloping trendline .

If you like the idea please give a thumb up. Any comments positive or negative will be much appreciated

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