Description
⋅ It looks like the 45-minute breakdown has occurred, which could lead to a bearish trend in both the weekly chart and the February monthly candle.
Our swing trade has two targets:
- The first target is $60.
- The second target is $40.
Please note that this is a long-term trade and we're making this decision quite early.
Remember DXY is still very strong signalling that commodities in general are expected to be weak.