So after a long downtrend DSH/USD has been moving up, but he bulls has failed to push through the resistance line of 529.43 and then the bears have taken over the control.
You see that it is retraced back to the previous low and the bears achieved to push through the support line of 288.94, but the bulls immediately took over and pushed it back above the support line.
Now you see that the trend is going kind of flat now, so the question now is who is going to take over the bulls of bears? Well I think that the bulls are going to win this battle, because in the last few candlesticks you see two hammers.
Stop loss would be 301.80
My first target would be 405.59 and my second target would be 437.71
ALWAYS keep in mind! That this is NOT an investment advice, but an analyse . You can do whatever you want with this information, so trade at your own risks!
You see that it is retraced back to the previous low and the bears achieved to push through the support line of 288.94, but the bulls immediately took over and pushed it back above the support line.
Now you see that the trend is going kind of flat now, so the question now is who is going to take over the bulls of bears? Well I think that the bulls are going to win this battle, because in the last few candlesticks you see two hammers.
Stop loss would be 301.80
My first target would be 405.59 and my second target would be 437.71
ALWAYS keep in mind! That this is NOT an investment advice, but an analyse . You can do whatever you want with this information, so trade at your own risks!
Trade closed: stop reached