Hi guys!
Not the best H&S pattern but, the fact that closes and lows from September 1 deep are higher and are on the same level as lows of July 31 and August 20 trigger only one thoght - USD will go higher.
To give you more confidence, let me draw couple lines to show something.
Do you see what I see?
Exactly, a 5-wave ending diagonal (wedge), and each time USD jumped higher and pushed back by any resistance it tested the upper edge of the diagonal as support and each time it tested the support - USD jumped higher.
Following the Head and Shoulders pattern, USD will most likely continue the uptrend.
Not the best H&S pattern but, the fact that closes and lows from September 1 deep are higher and are on the same level as lows of July 31 and August 20 trigger only one thoght - USD will go higher.
To give you more confidence, let me draw couple lines to show something.
Do you see what I see?
Exactly, a 5-wave ending diagonal (wedge), and each time USD jumped higher and pushed back by any resistance it tested the upper edge of the diagonal as support and each time it tested the support - USD jumped higher.
Following the Head and Shoulders pattern, USD will most likely continue the uptrend.
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TP1
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