U.S. Dollar IndexUpdated DXY
WHERE ARE WE ?
-green zone
RULE OF THREE
-impulsively
WHAT'S NEXT ?
-waiting for bearish pattern
-or bearish impulse followed by continuation
-green zone
RULE OF THREE
-impulsively
WHAT'S NEXT ?
-waiting for bearish pattern
-or bearish impulse followed by continuation
Note
hello trader,What is happening and what are we looking for?
• The price just approached the double top in HTF in a form of an ascending channel, I think it still early to decide whether it will be bearish or bullish.
• Looking at how the price approached the double to in the form of 1, 2, 3 but the last phase of the structure was very bullish.
• When I zoom in to LTF the price is developing something like a continuation pattern.
• since bearish movement has high probability, I think the price will break the double top then come back in the structure, from there I will be looking to go short on USDXXX pairs and go long on XXXUSD.
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.
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.