DXY Technical analysis Short

U.S. Dollar Currency IndexTVC

Description

⋅ Aug 16, 2018 11:31 AM

The dollar index has formed a head and shoulder pattern in 30-min chart.
The pattern has formed after a long uptrend and the neckline has been broke.
Hence we expect some profit booking in the counter which can result a throwback.

Trade closed: target reached

⋅ Aug 17, 2018 5:03 AM

Reached the first target

Trade closed: target reached

⋅ Aug 18, 2018 6:10 AM

Reached the second target successfully as well