14 February 2011

USDX : Sell Stop < 77.88 (daily)

  • Initial short from 78.67.
  • Daily : There is some sort of double top here at 81.31, NL 78.78. This current upmove from 76.88 is a retracement of the bigger down move. Minor uptrend support now at 77.88. I would add on to position on a break below.
  • Weekly : Easier to see from here that downmove seems incomplete. Definitely NO buy signal.

1 comment:

Taichiseal said...

Also plan to increase short if we trade up to 79.00