March 8, 2012
- in Uncategorized by schooloftrade
Dollar index day trading strategy uses fibonacci trigger zones targets
The dollar index tested the highs of the major bear price
channel on Wednesday and has since tumbled off these highs, just as we
anticipated. We used the resistance on
the dollar index on Wednesday to make some great profit buying the lows of Crude
Oil and euro in our live trade room with members.
This morning we can see the dollar index is sitting on
support trigger lines on the 89 range and 55 range charts, so all its going to
take is some selling pressure to keep this dollar index moving lower. A falling dollar index means rising prices on
euro, Crude Oil, E-Mini-Russell, and gold futures so keep an eye on this
support on the dollar index chart to break.
If this support holds the dollar index may try and re-test the PLOD 79.610
which will cause the prices to fall on euro, Crude Oil, E-Mini-Russell, and gold
futures.
support trigger lines on the 89 range and 55 range charts, so all its going to
take is some selling pressure to keep this dollar index moving lower. A falling dollar index means rising prices on
euro, Crude Oil, E-Mini-Russell, and gold futures so keep an eye on this
support on the dollar index chart to break.
If this support holds the dollar index may try and re-test the PLOD 79.610
which will cause the prices to fall on euro, Crude Oil, E-Mini-Russell, and gold
futures.
We can see the 21 range chart on the dollar index shows us
the short term bullish price channel has been broken, we have fallen below the PLOD
so this is an outside day telling us the sellers are taking charge, and we can
see 2 distinct levels of support below us, trigger zones that will act both as
magnets and turning points this morning.
Remember, we look for the best trading opportunities
the short term bullish price channel has been broken, we have fallen below the PLOD
so this is an outside day telling us the sellers are taking charge, and we can
see 2 distinct levels of support below us, trigger zones that will act both as
magnets and turning points this morning.
Remember, we look for the best trading opportunities
