The DXY has soared to the 98.7 level in short time,and then will the market rise higher next?The answer may be negative.
The bearish Gartley pattern is completing at 98.7-99.1 levels and the bearish AB=CD pattern will finish at 99.8 levels in daily chart.
Meanwhile there are two previous highs at this zone and strong resistance will be confronted in the future.
So it is good to sell short at 99-100 levels when bearish candles appear.
SL:above 100.5
TP1:97.3
TP2:94.3 and further more
The bearish Gartley pattern is completing at 98.7-99.1 levels and the bearish AB=CD pattern will finish at 99.8 levels in daily chart.
Meanwhile there are two previous highs at this zone and strong resistance will be confronted in the future.
So it is good to sell short at 99-100 levels when bearish candles appear.
SL:above 100.5
TP1:97.3
TP2:94.3 and further more
Trade active
Comment:
TP1 reached,very nice.