2H #DXY Long - Detrended Price Oscillator Analysis
Excellent entry point here for the Dollar Index, because we can place a tight stop loss.
If the DPO crosses under 0, close your position. Bull divergence is forming on the DPO here.
See chart for Take Profits
Note that this will affect all trade pairs that have negative correlation to dollar.
Creating a bearish DOW, SP500, NASDAQ, GOLD, EURUSD, BTC, etc, etc.
Good luck.
It's not about being right or wrong it's about finding the best time to hunt and HOPE for a kill.
If the DPO crosses under 0, close your position. Bull divergence is forming on the DPO here.
See chart for Take Profits
Note that this will affect all trade pairs that have negative correlation to dollar.
Creating a bearish DOW, SP500, NASDAQ, GOLD, EURUSD, BTC, etc, etc.
Good luck.
It's not about being right or wrong it's about finding the best time to hunt and HOPE for a kill.