U.S. Dollar IndexShort
Dollar to lose strength
Updated
Head and shoulders pattern has trigger on DXY.
What does this mean for cryptocurrency?
One possibility is that we are about to see USD flow back to Bitcoin. Could this be the reason for the resurgence in Bitcoin prices today?
In a buy position on a number of USD crosses.
Trade safe.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
What does this mean for cryptocurrency?
One possibility is that we are about to see USD flow back to Bitcoin. Could this be the reason for the resurgence in Bitcoin prices today?
In a buy position on a number of USD crosses.
Trade safe.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Note
Geez, this head and shoulders pattern played out perfectly!Note
Further downside likely, larger H&S pattern forming. Could this be a major turning point for the Dollar?
Note
Trade closed: target reached
Forgot to give an update. Dollar capitulation at its best.
Disclaimer
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