Dollar index downtrend continuation

33
On the daily timeframe, we could observed a downtrend movement impact of the NFP news.
The market then, made a healthy retracement.
When will this retracement end?

Lets zoom-in in a lower timeframe.
This chart is m30. We could observed a complete H&S pattern hint for down movement is about to start.
I believed it can go further down but lets aim as what H&S pattern suggest,
Distance from 'Head' to 'Neckline'= Distance from 'Neckline' to 'Target'.

This is analysis is for my future reference.
If you want to follow, make sure calculate your own risk & reward.

This analysis will have corelation with other currencies:-

USDXXX : Down trend
XXXUSD : Up trend

Good Luck

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.