SirajHudda

USDOLLAR Ending Diagonal Near Complete, Shorting Opportunity!!

Short
FX:USDOLLAR   Dow Jones FXCM Dollar Index
USDollar Index can give a one more small push up towards the upper trend line where we might get the clarity on further price action.. Would it keep going up breaking the trend line? I dont think so..There is bearish divergence as well with MACD Indicator. I would believe it will start a new Down Movement for a C Wave correction targets for which were posted earlier. NFP Report could very well be the trigger to start the down move tomorrow or it would start giving indications from today as to the out come of the report.. I would take the trade towards down side with very minimum risk and huge reward towards downside.. Happy Trading!!

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