H+S pattern on shorter 1hr TF with scope for a valid short set up should the pair close below the neckline + FIB zone identified. DXY seems to have retested off 4hr TL as shown on graph and a break above around 97.6 may confirm this.
Confluences: DXY upward momentum, H+S, 1.12 psycho zone.
Alternatively: Trade tensions and release of more information affecting the trade war between US and China can shake markets and potentially cause a bigger drop in DXY. Should this happen alternative upside targets (UT) have been identified on the chart.
DXY:
Confluences: DXY upward momentum, H+S, 1.12 psycho zone.
Alternatively: Trade tensions and release of more information affecting the trade war between US and China can shake markets and potentially cause a bigger drop in DXY. Should this happen alternative upside targets (UT) have been identified on the chart.
DXY:
Trade closed manually