The dollar index has rallied strongly out of its consolidation to make a bullish breakout about 97 resistance
Scenario A) Price holds above 97 to target 99 in line with Fib replacements on weekly chart
Scenario B) False breakout and price falls beneath 97
Scenario A) Price holds above 97 to target 99 in line with Fib replacements on weekly chart
Scenario B) False breakout and price falls beneath 97
Trade closed: stop reached
Scenario B) False breakout
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Signup to my newsletter:
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Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.