Double top formed and price has initiated a nice drop on the ascending channel. Go short USDXXX and Long on XXXUSD pairs that are corresponding to this technical structure.
Note
Its stupid simple, understading the market structureNote
Dxy will continue to move in the channel. Use it as an indicator for USD based currenciesNote
Dxy managed to push lower. What I expect now is a consolidation before another breakout to reach the intended target
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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.