Price is making a double top pattern, on lower timeframes price seems rejecting this dynamic level (this dynamic zone is also near to a resistance since 2009).
I expect a downside movement to 0.7500 (corresponds exactly to the size of the top.)
I'm also DXY to break the trendline so we can get another confirmation.
I expect a downside movement to 0.7500 (corresponds exactly to the size of the top.)
I'm also DXY to break the trendline so we can get another confirmation.
Note
Stimulus news went negative for DXY, our setups reached the stop target.Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.