Hello Traders;
Here's my analysis on what I hope to see happen on DXY .
We see a single pyramid forming on the chart This indicates the head and shoulder patter which should possibly give some rise to some level of weakness to the USD This happens and we look to go long on some pairs against the USD.
We look to get down to the first 90.39 support area, if we get a full break below this zone, we sell a bit lower to 89.80 zone .
If we get a break above 91,115 the analysis become invalid .
If we see an open at par as today's close, we keep shorting.
Thanks guys!!
Here's my analysis on what I hope to see happen on DXY .
We see a single pyramid forming on the chart This indicates the head and shoulder patter which should possibly give some rise to some level of weakness to the USD This happens and we look to go long on some pairs against the USD.
We look to get down to the first 90.39 support area, if we get a full break below this zone, we sell a bit lower to 89.80 zone .
If we get a break above 91,115 the analysis become invalid .
If we see an open at par as today's close, we keep shorting.
Thanks guys!!
