Hi Guys,
DXY started the week forming a small divergence between the two last price lows A/B and RSI.
AToW RSI is crossing 50 line whilst price is stopped by 50SMA pushing down. If push fails, price may reach last Friday's hights before tomorrow to wait for FED meeting on Wednesday.
Thank you for your support and for sharing your ideas.
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Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
DXY started the week forming a small divergence between the two last price lows A/B and RSI.
AToW RSI is crossing 50 line whilst price is stopped by 50SMA pushing down. If push fails, price may reach last Friday's hights before tomorrow to wait for FED meeting on Wednesday.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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This is a snapshot H4 to show the divergence with RSI which may prompt a run into the 50SMA (same as in "DXY in 2019 WoW" linked below)
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