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UnknownUnicorn3212533

DXY Head and Shoulders

Short
U.S. Dollar Index (TVC:DXY)  
UnknownUnicorn3212533 Updated   
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
DXY Drop expected due to clear head and shoulders formation and several rejections on the H1 time frame. Also, there is confluence in indicators on Daily and H4 charts for a halt in the up-trend.
Trade active:
steady drops
Comment:
UPDATES!

AS YOU CAN SEE ABOVE THE 94.30 LEVEL IS HOLDING AFTER FORMING THREE CONSECUTIVE HEAD AND SHOULDERS PATTERN ON THE HOURLY CHART. A BREAK BELOW THIS LEVEL SIGNALS MORE DOWNWARD MOVEMENT.

PRICE CURRENTLY MOVING BETWEEN 94.30 AND 94.90
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