Dollar Index creating breakout pattern at the 92.80 level [Video]

Orlando Gutierrez Learn 2 Trade

The USD has been trading inside a very structured bullish move for the entire week creating a flat triangle at the top of said move. This level is the 92.80 level which is the exact level 2 Fridays ago the Jackson Hole Symposium candle broke with to the downside.

The bullish breakout in this market is the highest probability move, more so with inflation data forecasted to beat last month's numbers.

Heads up for USD longs whilst Gold is still trading inside of my non-trade range but setting up for a nice breakout.

Watch my daily watchlist to see hoe I'm playing this out:

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Author

Orlando Gutierrez

Learn 2 Trade

Orlando has been involved in the financial markets for about 10 years. His focus is Global Macro and he is a strong believer that the best way to trade the currency markets is focusing on the big picture and holding on to big macro trends.

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