DXY has shaken up for nearly 4 months, but will it move further?
There is a good supply zone above the current price.
Meanwhile, the current price pattern resembles the historic price pattern, Nov-Dec 2018, where the price dropped after the pattern.
Will the history repeat itself?
Let's wait and see.
It is not good to buy any more, though the upward trend-line is still not broken out.
Short at the Supply zone when bearish signals appear.
SL: 100
TP: 95
There is a good supply zone above the current price.
Meanwhile, the current price pattern resembles the historic price pattern, Nov-Dec 2018, where the price dropped after the pattern.
Will the history repeat itself?
Let's wait and see.
It is not good to buy any more, though the upward trend-line is still not broken out.
Short at the Supply zone when bearish signals appear.
SL: 100
TP: 95
Comment:
Generally speaking, the market moves as expected.