Is the Dollar Index about to Bottom?
Hello I am new to tradingview and looking forward to sharing some great ideas. I study technical analysis for more than 10 years and trade off the charts. Normally I look at the Daily and Weekly only. I think the key to being successul in the Forex is following the trend of the Dollar Index!
Basically I trade the Spot Forex without stops, and Hedge my positions with Nadex Call Spreads. (more about hedging later)
Right now I believe the Dollar Index is about to bottom because of this pattern. I has already broken through resistance once at 91.00 and now it is about to break it again!
Best to look for shorting once it closes above 91.00 again.
I will look to short EUR/USD GBP/USD AUD/USD etc....
Thank you and look forward to sharing and learning from all of you!
Basically I trade the Spot Forex without stops, and Hedge my positions with Nadex Call Spreads. (more about hedging later)
Right now I believe the Dollar Index is about to bottom because of this pattern. I has already broken through resistance once at 91.00 and now it is about to break it again!
Best to look for shorting once it closes above 91.00 again.
I will look to short EUR/USD GBP/USD AUD/USD etc....
Thank you and look forward to sharing and learning from all of you!
Penafian
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