We kind of know that the dollar will dominate the market eventually but it was kept delayed.
The dollar has struggled to break new high since its peak 2 months ago.
And 2 months of ranging market also means that the phrase is about to change anytime.
As of now, we have an inverted H&S where the dollar successfully rebounded off from the second shoulder with a very strong bullish candle.
The MACD is also showing the fast MA crossing above the slow MA above level zero, and that's a strong sign of a bullish trend.
Will the dollar finally begin to dominate or would there be another disappointment?
Well, I suggest that we trade what we see. It's after all probability.
The dollar has struggled to break new high since its peak 2 months ago.
And 2 months of ranging market also means that the phrase is about to change anytime.
As of now, we have an inverted H&S where the dollar successfully rebounded off from the second shoulder with a very strong bullish candle.
The MACD is also showing the fast MA crossing above the slow MA above level zero, and that's a strong sign of a bullish trend.
Will the dollar finally begin to dominate or would there be another disappointment?
Well, I suggest that we trade what we see. It's after all probability.