Todays outlook on the USD Index

H4 chart

Price opened the week at the central PIVOT(WPP). After last weeks higher high Im looking at this weeks WM2 as a area where price will find support and continue its rally up. If price drops down to WS1 we would have a double bottoms and the upward move will start as the pattern commence.

H1 chart

Price opened at DM2 price rallied for a few hours the tanked and is currently on its way down to DS1. When price finds support on the H4 chart we might start looking for entries on the daily PIVOTS.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.