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Linton_White
Jul 11, 2018 9:27 AM

DXY Possible H&S Formation With Perfect Retest Level Target Short

INDEX:DXY1D
US DOLLAR CURRENCY INDEXINDEX

Description

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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
Trend AnalysisChart PatternsWave AnalysisDXYdxyindexdxyshortdollardollarindexdollar_indexdollar-indexdirection
Comments
Godlive
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Nice one Lint. That explains the current position of Gold with its corrective structures
Linton_White
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@Godlive, indeed, well spotted Amu.
Linton_White
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@Godlive, you are a good student and are learning fast.
Godlive
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@Linton, thank you mate and its all thanks to you.
Alpha_vuma
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Thats good insight.. As I share the same view aswell.
Linton_White
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@Elson101, will be a good indication of direction if it plays out.
CBMotivation
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Should that happen, there will be a major impact on all dollar pairs...... very interesting, never spotted it, many thanks
Linton_White
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@CBMotivation, my pleasure
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