Hello traders, DXY is in early stage of reversal pattern which is not complete yet. So far what we saw rally in the Dxy was mere a correction on the daily. I want to see strong reversal pattern like head & shoulder which seems forming right now on the dxy but I am not convinced that right shoulder is ready yet. I want to see clear right shoulder and trade it almost near the right shoulder in order to maximise profit and minimise the risk. Have a look at chart and trade the way you want but if you agree with me or have any comment let me know. Wish you all goodluck and happy trading!!!
Comment:
watch dxy showing weakness at 0.886 of the shark, probably heading down. Buy orders can between between 0.5 and 0.618 if this turns out to be head and shoulders with stop loss anywhere between 0.786 to the head
Comment:
DXY REVERESAL,BIG QUESTION IS IT A PULL BACK THAT IS DEEPER ENOUGH TO GO LONG AGAIN!!