Modified Pitchfork. Retest of 1310 complete.
Price did a pull back to 1310 as expected on my previous analysis. Nice bounce off 4 Hour 61.8 Fib, broken support trend line, broken pitchfork trend line. Hidden Bearish divergence on Daily.
If price breaks and closes 1300 price level with a nice engulfing bearish candle, trade will be initiated with price expecting to fall to 1285 price point on the daily -0.27 FIB which is also the next supporting trend line on the weekly chart.
Will keep this updated as market opens on Sunday into Monday. DXY looks bullish at least temporarily.
FXLifestyle - Trade Your Future
If price breaks and closes 1300 price level with a nice engulfing bearish candle, trade will be initiated with price expecting to fall to 1285 price point on the daily -0.27 FIB which is also the next supporting trend line on the weekly chart.
Will keep this updated as market opens on Sunday into Monday. DXY looks bullish at least temporarily.
FXLifestyle - Trade Your Future
Here is the view of the weekly chart, retest of broken 2x Top neckline