USD Indx - Bullish wave 3 may complete here at key resistance
Without many comments, just like in case of EURUSD (pls see link below), we may see a corrective dip from here.
Trees can really grow to the sky sometimes, but not at once.
Daily: Everything is long term bullish, but Slow Stoch has been stuck in overbought territory and Price is just flirting with key resistance, while basically there was no pull back at all since the Kijun break at 80,35. I think we can expect a bounce soon down to 80,65-80,75 support area. We may see some overshoot still in between 81,30-81,50. Watch for a reversal candle here, and maybe reduce dollar exposure.
4 Hrs: ADX is too high, this trend can not keep this pace from here. Trail your stops to 80,96-81,00
Trees can really grow to the sky sometimes, but not at once.
Daily: Everything is long term bullish, but Slow Stoch has been stuck in overbought territory and Price is just flirting with key resistance, while basically there was no pull back at all since the Kijun break at 80,35. I think we can expect a bounce soon down to 80,65-80,75 support area. We may see some overshoot still in between 81,30-81,50. Watch for a reversal candle here, and maybe reduce dollar exposure.
4 Hrs: ADX is too high, this trend can not keep this pace from here. Trail your stops to 80,96-81,00
