Now this may just be a big rationalization but i am curious to know what your guys thoughts are on this possible pattern.
With the dollars strong NFP data earlier today extending the price lower, the dollar also hit a large untested resistance on the daily timeframe. i am wondering if this could be a very sideways H&S in the event that the dollar rejects that...
This may just be a massive rationalization but let me know what your thoughts are please.
I feel that maybe this is a very sideways H&S, with NFP data earlier today price shot higher into a big daily resistance, thus making me feel it will reject and complete this pattern. Unless of course it continues to break ceilings, then we can give the dollar a new name....
