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FOREXN1
Aug 26, 2022 7:27 AM

USDOLLAR DJ : Bullish Pattern - New LONG impulse coming. Long

Dow Jones FXCM DollarDJ

Description

The USD Dollar index, following The EUR/USD currency ( Link in description ), after a Double Bottom on the Support Area, precisely on the previous High Swing and the confluence of 61.8% Strong Fibo Level plus a rebound on the dynamic trendline, in the lasts session the price Broke the Neckline of this pattern ( on 18 August ) with a Strong bullish candle. On Friday the price continued to grow with another green candle. Following our Previous analysis, our Bias is for a continuation of the Bullish trend. A possible ABCD pattern continuation that shows the price over our Target line. Both Stochastic and Rsi are in bullish conditions, the first in Oversold with a divergence, like for the RSI also in divergence plus Bullish side. Now we are in Bullish Flag pattern formation , looking for a new LONG impulse
Comments
P_S_trade
Nice trade pattern
FOREXN1
@P_S_trade, Thanks you
RLinda
Nice one. Keep it up)
FOREXN1
@RLinda, cheers
UnknownUnicorn15614419
Nice work
FOREXN1
@TradingStat, thanks
Mihai_Iacob
I have the same opinion. FXCM dollar index is more balanced and is drawing the same bullish picture with DXY.
FOREXN1
Solldy
Hmm, pretty interesting publication. I agree with the arguments. I wonder what your long-term asset strategy is?
FOREXN1
@Solldy, Swing one .
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