H&S PATTERN break out on the upper side, Price target around Fibo extension level around 161.8% 0.7213 which is exactly the level of head and should's price objective level.
MACD on daily chart showed the long is controlling and 4 hours chart give you a lift up and the directional index shows price got high possiblity to go upper trend instead of trading range. But i won't surprise if it take some bars to consolidate then heading north.
Fundamentally, BOJ's policy will give federal not chose but to be cautious about their statement of March meeting. While this will potentially turn the risk on while DXY couldn't stand alone on the globalization.
Trade closed: stop reached
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Trade active
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Comments
andrewman520
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The trend of the trade have no problem. Due to the vol of DXY, the SL got reached. Need to open another position.