Potential H&S pattern
I think USD is suffering from exhaustion after a solid run.
My conviction is largely due to negative divergence in RSI.
To my eye, this looks very much like a high probability trade.
Short at the Right Shoulder to build-up profits to again go short after breach of neck line.
Great carry trade pair, even when it stands still.
TVx
I think USD is suffering from exhaustion after a solid run.
My conviction is largely due to negative divergence in RSI.
To my eye, this looks very much like a high probability trade.
Short at the Right Shoulder to build-up profits to again go short after breach of neck line.
Great carry trade pair, even when it stands still.
TVx
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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.