Hey traders just saw 3 bar trend line confirmed on US Dollar Index but is it actually entering a new uptrend?
Not sure no one knows of course fundamentally speaking I'm not sure. Seasonally it normally tops in the summer. But of course anything is possible in this new Tariff driven market we are in. But as you can see this is how you can get in when a trend changes early just find 3 bars and draw a straight line to connect them and you will be close to being on the right side of the market.
So if your bullish be careful and use risk management.
But if you bearish don't short until it goes back under the downtrend line imo.
Enjoy!
Clifford
Not sure no one knows of course fundamentally speaking I'm not sure. Seasonally it normally tops in the summer. But of course anything is possible in this new Tariff driven market we are in. But as you can see this is how you can get in when a trend changes early just find 3 bars and draw a straight line to connect them and you will be close to being on the right side of the market.
So if your bullish be careful and use risk management.
But if you bearish don't short until it goes back under the downtrend line imo.
Enjoy!
Clifford
Pesanan dibatalkan
So market has now moved back underdowntrend line this is a sign that the uptrend was fake. Sometimes you will get trends that look real on charts but you always want to look at other things besides Technical Analysis. I will no remove the Uptrend Line and continue Bearish Dollar analysis however if your bullish I would wait until market proves it wants to move higher by closing above 101 before buying.Nota
here is new one.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.