DXY - 23Nov2021
On the weekly time frame, there could potentially be a formation of 3 white soldiers . We will have to monitor how the price action plays out this week. We could also potentially expect DXY to reach its inverse H&S target at 96.72 this week.
On the H4 time frame, prices continue its bullish momentum into confluence of Fib resistances. With its inverse H&S target at 96.72 approaching, we could expect price to pierce this level before seeing any bearish pressure. Also noting that there is negative bearish divergence already forming on RSI.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly time frame, there could potentially be a formation of 3 white soldiers . We will have to monitor how the price action plays out this week. We could also potentially expect DXY to reach its inverse H&S target at 96.72 this week.
On the H4 time frame, prices continue its bullish momentum into confluence of Fib resistances. With its inverse H&S target at 96.72 approaching, we could expect price to pierce this level before seeing any bearish pressure. Also noting that there is negative bearish divergence already forming on RSI.
This is for personal record purposes only, not financial advise or solicitation of trade.