US DOLLAR INDEX: Buy setup on reversal channel

12 Haz 2017

Here we have dollar index chart and we are having a reversal channel formation to upside.
Look for breakout and if price does not breakout this time then look for the bottom to buy.
When dollar index moves, it means that dollar pairs will move with it as well (correlation). So you should look for sell on pairs such as NZDUSD, AUDUSD, EURUSD....

14 Haz 2017

Not

Price did exactly as I was anticipating. Now we have a nice impulse to upside so next is to look for a flag for continuation to upside and breakout of that reversal channel.

15 Haz 2017

Not

Very nice move so far, Price is breaking that reversal channel, watch for correction to enter if you are not in from the bottom.

19 Haz 2017

Not

Here is the update.

28 Haz 2017

Not

As we were anticipating, price came down one more time. Watch the bottom for impulse generation.