$USD Displayed A Good Long Trade Opportunity.

USD displayed a very good long trade opportunity in the past month.

From the early beginning of September, we saw price broke out forcefully from the $76 resistance, and also it's 200MA.

This was a very critical resistance, and the confirmation came in a week later when price pulled back to that area, and the bulls successfully defended it. See how price bounced back up from $76.

This was a good place to initiate a LONG trade (highlighted in yellow circle).

Riding up the short-term bullish trend, and waiting for a timing to get out is another story.

From the RSI below, we can see that, the price made 3 peaks, and when the 3 peaks occured, the RSI printed overbought readings too.

Whena 3 push pattern occurs, it is a sign that the existing trend is about to loose out steam. And that happens for the $USD.

The time when the 3rd peak happens, or the RSI hits the overbought reading for the 3rd time, is the best time to take profit.

This is a classic textbook example trade of Riding The Trend :)