Potential Gartley pattern in play, in conjunction with descending channel. Watching for a break of 1.1217 pivot to reach the entry zone
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Missed best entry on H1 chart. Waiting for a pullback for entry
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Doji on 1.12277, with DXY poised for more down. Could we see 1.13000 this week?
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DXY pulled through, with a fake break of its trendline and 98.00 touch. This strength was seen across most of the dollar pairs that I trade (USDCAD, USDCHF, USDJPY). Gartley pattern played out, and 1.12277 was respected on pullback, after a touch of channel top trendline.
Forecasting now for a touch of the channel bottom trendline, could be seeing 1.10000 relatively soon. GBPUSD also looks to plummet like a rock.