Go long near key support: 1. trade range above support zone 2. potential falling wedge near lower side of trade range
Short with bearish patterns near resistance zone
US Dollar Index. Retracement is continuing
Work in retracement. Moving to 43.26...
Descending price channel was broken UP => Long Critical level = 2050
Divergence on Daily. Double top on 1h. Trying short sales...
To tell the truth, there is not enough zigzags yet to say confidently, that there is Triangle. Now it is just a fantazy... :) But it is very possible several days before meeting in Doha and in the end of the week. Triangle = indecision! 43.24 is critical level for this scenario There other possible price patterns, for example, It can easily transform into Flag....
Basic scenario = correction + last UPward impulse. Go long, when correction ends. Seek for short entries near 46. Keep in mind, that higher level correction can start earlier (green KEY support zone)
Work in correction, basing on V-bottom
Just a UPward correction or something more serious?
Work in the direction of the breakeout of the trade range...