Linton
Short

DXY Possible H&S Formation With Perfect Retest Level Target

INDEX:DXY   US DOLLAR CURRENCY INDEX
I am looking a a possible Head And Shoulders formation on the Dollar Index . Should this setup unfold as I have it here, the target happens to be on a perfect retest level as well. Simple and clean setup which could give some good direction on some other pairs as well.

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Happy trading!
Linton

Comments

Nice one Lint. That explains the current position of Gold with its corrective structures
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Linton Godlive
@Godlive, indeed, well spotted Amu.
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Linton Godlive
@Godlive, you are a good student and are learning fast.
Reply
Godlive Linton
@Linton, thank you mate and its all thanks to you.
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Thats good insight.. As I share the same view aswell.
Reply
Linton Alpha_vuma
@Alpha_vuma, will be a good indication of direction if it plays out.
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Should that happen, there will be a major impact on all dollar pairs...... very interesting, never spotted it, many thanks
Reply
Linton CBMotivation
@CBMotivation, my pleasure
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