Hey traders,
Dollar index is trading in a long-term bullish trend.
After the index set a new high at the beginning of March
the market started to consolidate within a horizontal trading range on a daily.
I was looking for its bullish breakout as a trigger to buy.
Daily candle close above the resistance of the range confirmed the breakout.
On a retest, I was looking for an intraday confirmation to buy.
My confirmation was a tiny inverted h&s pattern on an hourly time frame.
After the price formed a confirmation pattern, the market bounced sharply.
Great winner!!!
Did you catch this move?
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.