Mario_PLN

DXY-overall long term view

Short
TVC:DXY   U.S. Dollar Currency Index
My old fasion broadening top pattern (1.272) is still valid. Now it is richier with those divergences. Maybe it will happen again like year ago. Lets see.
Trade active: This one is getting harder to atchieve, but there cane a possible H&S pattern with price currently topping second shoulder on daily TF. Lets see if it can hold here and if can back to downswing after.
Trade closed: target reached: Good day. After some time price hit 1.272 (88 area) which should act as strong demand area. Fundamentals points for cheap dollar and technically that was 3-rd swing that reached 1.272 ext. Good Luck

Comments