17 February 2011

USDX : Breaking Down Now

  • Monthly : 50-50. No tradable pattern for me.
  • Weekly : Double top + Bear flag. This week's pullback to DT NL is perfect short trade location. Added to initial short (78.67) at 78.65 and 78.31 yesterday.
  • Daily : Magnified view (red circle) of the weekly bear flag breaking down now. Last trade 78.11.
  • Targets : Old lows 76.88 and 75.63.

2 comments:

ryan said...

Very confusing picture .... the forex picture these days...

Taichiseal said...

Taken partial profit at 77.18