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FOREXN1
Aug 21, 2022 6:18 AM

USD DOLLAR DJ Long from Resistance and Double Bottom - BUY  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.

Comment

✅ Previous entry ! 🏆

Comment

✅ Price now...

Comments
FOREXN1
Do you agree with my analysis ?
TraderAmin-KZ
good idea
FOREXN1
@aminkz2020, thanks!
Tolberti
That's an interesting idea. I think you can be right!
FOREXN1
@Tolberti, Cheers
RLinda
Thanks for sharing
FOREXN1
@RLinda, welcome !
ProSignalsFx
I agree with you!
FOREXN1
@ProSignalsFx, Thank you mate !
UnknownUnicorn15614419
nice chart
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