tommy9097

tommy9097

A Decending triangle pattern maybe forming

tommy9097

Lower low in the making

tommy9097

Major downtrend still in play

tommy9097

A weekly close above the monthly resistance (12059) areas should push the index to further high. Therefore, if there is a bearish price action formed right below the monthly resistance the dollar index shall stay in the range.

tommy9097

Waiting to short on retracement levels

tommy9097

Time for retracement... waiting for a nice bearish P.A around 0.75400 areas for Short entries...

tommy9097

A daily close above 12041 levels shall push the index towards 12140 levels

tommy9097

Entry : 1.10000 Target 1 @ 1.08380 Target 2 @ 1.06800 Short Invalidation @ 1.11080

tommy9097

Downside Target @ 122.880 - 121-950 Short trade invalidation @ >124.530

tommy9097

Long targets : Target 1 : 1.58891 Target 2 : 1.60623 Target 3 : 1.65156 Long trade Invalidation zone <1.52800

tommy9097

Target 0.72584

tommy9097

Long orders will be executed on a clear 4H close breaking the downtrend line. Fibonacci Extension upside targets Target 1 @ 1.58885 Target 2 @ 1.60627 Invalidation level @ 1.52000

tommy9097

Waiting for a Daily close below 1.08061 levels to enter short orders.