Trading with Krugman

  • Thread starter Thread starter krugman25
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Current charts throwing good price action signals

SI - Short
NZDUSD -Short
AUDUSD -Short
DXY - Long
 
There are so many setups that have formed this week. I have posted some analysis on a number of these setups. We will get things started with analysis of the US Dollar Index.

DXY / US DOLLAR - Bullish Setup - Inside Bar Pin Bar Fake Out

https://www.tradingview.com/chart/D...AR-Bullish-Setup-Inside-Bar-Pin-Bar-Fake-Out/

2sTgJC2y
 
Totally agree with the 'Trendline Support' which you have drawn, and this is certainly worth looking out for.

The 'Major Resistance' level which you have drawn I do not agree with, it looks scatty and has certanly not been respected towards the latter more recent stages of the chart with price closing on either side - to me that's weak.

I' go as far to say that all that matters is the 'Trendline Support', the rest, in my own view of course, is akin to trying to establish something linear in a random data sample. If you squint hard enough then yea, maybe there is something else there ;)
 
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