USD DOLLAR - Waiting for pullback - Chart 2/3 - Renko style
Current ongoing leg is leg one out of 3. No pullback have begun just yet.
Since USD have completed a 3 leg downside movement after hitting fib 1.618 in the middle of April and hitting 0.618 - one can now see that it is going for 2.618 (not visible on chart) aim for 12200 for now.
The USD is now approaching a supply zone which should trigger the first pullback on this 3 leg movement. Once it starts then the below Demand zone @ 11850 (ish) should hold and allow a re-entry long. If it doesnt hold then this analysis is invalidated.
Since USD have completed a 3 leg downside movement after hitting fib 1.618 in the middle of April and hitting 0.618 - one can now see that it is going for 2.618 (not visible on chart) aim for 12200 for now.
The USD is now approaching a supply zone which should trigger the first pullback on this 3 leg movement. Once it starts then the below Demand zone @ 11850 (ish) should hold and allow a re-entry long. If it doesnt hold then this analysis is invalidated.
