**This is an update to my original idea on Jul 5th
TECHNICALS:
1.
- Price previously formed an inverse H + S
- Neckline resistance @ ~ 16.2
- This level has now been broken and the pattern confirmed
2.
- Price is now re-testing the neckline (now acting as support)
- Possible false broke below neckline but will wait for 4h candle close to confirm
FUNDAMENTALS:
- Alot of geopolitical tensions at the moment are
proving very negative for USD including:
- The North Korea tensions
- Tarriffs
Appreciate any thoughts/comments,
Thanks for reading,
James
TECHNICALS:
1.
- Price previously formed an inverse H + S
- Neckline resistance @ ~ 16.2
- This level has now been broken and the pattern confirmed
2.
- Price is now re-testing the neckline (now acting as support)
- Possible false broke below neckline but will wait for 4h candle close to confirm
FUNDAMENTALS:
- Alot of geopolitical tensions at the moment are
proving very negative for USD including:
- The North Korea tensions
- Tarriffs
Appreciate any thoughts/comments,
Thanks for reading,
James