Dollar Index Ascending channel hints for a move down Short

Dow Jones FXCM Dollar IndexFXCM

Description

⋅ Feb 5, 2015 8:10 AM

Note the Evening Star candle formation (Boxed in White) suggesting a further move down.

Ideal catalyst for this is a shocker NFP printout, breakout in the S&P 500 to the upside or the breakout in the Descending channel of GBP/USD.

mystofmanila

Comments

Myst_FX

⋅ Feb 12, 2015 2:15 PM

and so it begins..

Myst_FX

⋅ Feb 7, 2015 1:02 AM

Nice bounce from the lows as expected. It takes three taps remember?!
Not until the Fat Lady sings! =)
Wonder what will be the true shocker now...
Hmm...