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#USD Dollar Index (99.21) has surged breaking above 99 and looks strong. It has room to test 99.55-99.60 after which a corrective dip is possible before we see a test of 100-100.5 on the upside.
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Look for areas price has respected. Wait for rejection and confirmation. Enter.
Forex Fundamental Analysis
Identifying pairs that yield much profitable outcome in the financial market.
Future Market flows in certain chart shapes, sizes called Patterns. All Chart patterns repeats, so predicted accurately, accordingly as the 3 market Trendline direction: CONTINUATION, REVERSAL, BILATERAL (can go either way). Imperfect chart patterns called Complex Chart patterns - later gain experience to discover it. LESSON: Keep Practicing to Understand the Market Nature and Take…
A technical indicator/price action divergence happens if a momentum indicator like the MACD (moving average convergence divergence), doesn't show the same
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