CandlesofKarma

DXY Trend Technically Broken ? 8/12/22 Analysis

CandlesofKarma Atualizado   
TVC:DXY   Índice Dólar
I wanted to post this analysis for educational purposes. A lot of traders base their trades on trendlines to understand that the market is trending. Just because a trendline is broken, it doesnt necessarily mean a trend is broken as you can see here for the dollar index.
Comentário:
It is imperative to look for confirmations on the lower timeframe to ensure price has formed a strong market structure for this break. If you know this pair well, you can also use a price filter.
Comentário:
Heavy momentum coming back into the channel
Comentário:
As you can see the trend has not been broken yet even thou price broke the trendline.
Comentário:
We have now broken back into the channel

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.