I strongly believe that the SPX still weak after the latest news. So this pair still have room to move down and I'm expecting to complete an AB=CD movement before it bounce.
As we can see on Friday, DXY test a long term bullish channel as a resistance. So if we cannot see a daily close above 97.90, we can expect a bearish long term trend for DXY. If the index came back to the up-trend channel, the idea will be canceled.
This could be a long term trade acording to price acction at the buying zone, that it is in a long term very low zone.
The retracement of the GBP is near, this Bat Pattern could be the bears entry.
Gartley pattern to be completed on the daily timeframe. Expecting a retracement at .382 and second target at .618
Possible pattern at formation at 1HR timeframe. waiting for price action at 0.67118
We can see that EURUSD is on top of this channel and the zone works as a resistance twice.