The U.S. Dollar Index is trading inside a Channel Up pattern for more than 2 months. The price is approaching an inner Rising Resistance, similar to late August, a quick breah of which caused the Higher High peak on Fibonacci 1.618.
Trading Plan: 1. Sell on the Rising Resistance.
Targets: 1. 105.350 (bottom of Channel Up, Fib 1.0, -1.44% from a potential top).
Tips: 1. The RSI (4h) is already overbought. An additional sell indication.
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also on:
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.