I am looking for a double bottom, without significantly breaking through the previous highs. The facts that it didn't touch (missed) the support trend line and that it didn't make break from the old resistance are short term bearish of the USDOLLAR. Also it is below RSI 50 and its momentum is clearly bearish.
When the indexs gets near 12260 and the RSI 30-35, I am going to be going long.
When the indexs gets near 12260 and the RSI 30-35, I am going to be going long.
Note
Very skeptical about this one... We are about to the the trend line with a reasonable support, but the fundamentals disagree.A good R/R trade would be long now to 12440 and stop loss below 12250.
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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.