something to keep in mind

U.S. Dollar Currency IndexTVC

Description

⋅ Nov 17, 2017 6:04 AM

Price has been rejected by bearish TL and the CTL has been broken with great momentum, wait for a pullback before making any executions

Trend Analysis

Comments

ajmzfx

⋅ Nov 17, 2017 6:51 AM

Nice observation! and looking at it, that rejected level seems like a hs heavy traffic neck....like you say pb is highly probable...looking fwd to see wtf dxy does these next days...

MagicNumbers

⋅ Nov 17, 2017 6:57 AM

@ajmzfx, thanks mate. on H4 we have a double bottom which might bring the bp into play. will be watching price over the next days... be sure to keep me posted on your observations going forward :)