While I was scanning my charts for 'em sexy setups, I noticed an inverted hammer (the one that looks like an upside down marshmallow on a stick candle) on the daily chart of USDX. Being a proud graduate of the School of Pipsology, I know that this candle is usually seen as a bullish signal. But to make USDX even more bullish, the candlestick formed around a previous support and resistance level!
I haven't found a setup on any dollar pair that I'm really confident in. So I'm just throwing this question out in the open: Do you think we're going to see the dollar rally soon? Lemme know what your thoughts are!
On Wednesday January 25th, 2012 at 09:04AM by kavegoh - Like - 0 People
if this is bullish, it also mean EURUSD will be bearish??
On Wednesday January 25th, 2012 at 01:36PM by Wilson - Like - 0 People
I do not have SEK here but all other index makeups. Out of the index JPY has falling the most. SEK has falling the least. I checked it.
On Wednesday January 25th, 2012 at 01:58PM by Wilson - Like - 0 People
Here is the Daily as that is what Huck has posted. Again, I do not have SEK here.
On Wednesday January 25th, 2012 at 02:23PM by Pipstradamus - Like - 0 People
@kavegoh: Yep. Sell EURUSD.
On Sunday January 29th, 2012 at 06:32PM by Wilson - Like - 0 People
Well, whoever said to sell was not correct. Here is an update.
Always trade your own system . That way, you can only blame yourself if something gos wrong..
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