HTF - Market has broken the ascending channel to the downside indicating further bearish momentum, however, reversed back to bullish for no specific reason rather than the dollar index touched the top of its ascending channel and took the dollar down, and EUR up...
LTF - Now the market has touched a previous level of resistance forming a double top, and reacted from it impulsively breaking the LTF ascending channel pattern which is a reversal pattern. So what I am expecting now after that BO is that the market will correct and start its bearish move if the price Breaks down again.
Plus we have the dollar index that touched the bottom of its HTF ascending channel and reacted from it too.
LTF - Now the market has touched a previous level of resistance forming a double top, and reacted from it impulsively breaking the LTF ascending channel pattern which is a reversal pattern. So what I am expecting now after that BO is that the market will correct and start its bearish move if the price Breaks down again.
Plus we have the dollar index that touched the bottom of its HTF ascending channel and reacted from it too.
