Short Position: The perfect Shoulder Head Shoulder!!!
U.S Dollar show weakness based in the fundamentals. But, right now in H4 timeframe we would need to hope a short entry with the expectative so bearish for the currency.
The expectative for the U.S. Dollar is so bearish and also, that could be so warned that the U.S. currency is goes to the weakness and we're in this re-distributtion triangle simetric.
Now, in H4 timeframe we could see a possible formation of Shoulder Head Shoulder to entry in short posiion. But, in any case if this analysis is invalided, we would need to check in H1 timerame and to make any updates if the price began to decline the highest zone to then, entry in favours in the bear market!!!
Fundamental Keys:
1. Dollar ticks up on stalled stimulus talk.
2. The dollar inched up in early Monday trade as riskier currencies slipped after negotiation on a U.S. stimulus package ran into resistance.
3. President Trump on Friday offered a $1.8 trillion coronavirus relief package in talks with house speaker Nancy Pelosi, moving closer to $2.2 trillion proposal.
So, guys, in summary, we could see bad news for the U.S. Dollar and the most relevant is that Trump on Friday offerre a $1.8 trillion for coronavirus aid package when the proposal for Nancy Pelosi was bad and the U.S. congress is fighting about it, So, in general the aid financial is in hand on the cU.S. congress and doesn't to send the aid for the rest of american citizens. That cause a bad news for the U.S. congress and president trump.
The expectative for the U.S. Dollar is so bearish and also, that could be so warned that the U.S. currency is goes to the weakness and we're in this re-distributtion triangle simetric.
Now, in H4 timeframe we could see a possible formation of Shoulder Head Shoulder to entry in short posiion. But, in any case if this analysis is invalided, we would need to check in H1 timerame and to make any updates if the price began to decline the highest zone to then, entry in favours in the bear market!!!
Fundamental Keys:
1. Dollar ticks up on stalled stimulus talk.
2. The dollar inched up in early Monday trade as riskier currencies slipped after negotiation on a U.S. stimulus package ran into resistance.
3. President Trump on Friday offered a $1.8 trillion coronavirus relief package in talks with house speaker Nancy Pelosi, moving closer to $2.2 trillion proposal.
So, guys, in summary, we could see bad news for the U.S. Dollar and the most relevant is that Trump on Friday offerre a $1.8 trillion for coronavirus aid package when the proposal for Nancy Pelosi was bad and the U.S. congress is fighting about it, So, in general the aid financial is in hand on the cU.S. congress and doesn't to send the aid for the rest of american citizens. That cause a bad news for the U.S. congress and president trump.