The Dollar Index formed a significant inverted head and shoulders pattern on a 4-hour chart.
Following the release of yesterday's economic data, the market surged and broke through both the neckline and a strong downward trend line.
This created an expanding demand zone with two broken structures.
I plan to take long positions in anticipation of a bullish trend continuing to at least 102 support level.
Following the release of yesterday's economic data, the market surged and broke through both the neckline and a strong downward trend line.
This created an expanding demand zone with two broken structures.
I plan to take long positions in anticipation of a bullish trend continuing to at least 102 support level.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.