USDOLLAR - Still going strong - Chart 1/3 - Renko style
I have started to use USDOLLAR instead of DXY since it is clearer and easier to use.
Upside target not visible on this chart today for some reason. It is however aiming for 1.618 to begin with. Use the top of the channel and aim for 12200 for now. Use smaller TF to pinpoint a possible re-entry to go long
The mere 0.235 retracement before this ongoing leg indicates the strong trend and unfinnished measured movement. For the dollar to continue higher it is important that this level will form the new demand.
Upside target not visible on this chart today for some reason. It is however aiming for 1.618 to begin with. Use the top of the channel and aim for 12200 for now. Use smaller TF to pinpoint a possible re-entry to go long
The mere 0.235 retracement before this ongoing leg indicates the strong trend and unfinnished measured movement. For the dollar to continue higher it is important that this level will form the new demand.
