Finally seeing USD picking up some bullish momentum on the LTFs.
We see price is potentially breaking above the channel structure its in, and could see the continuation of the bullish push up.
I would wait for a bit more development here on the LTF to confirm the next bullish impulse.
Look to see if price will form a smaller correction structure,...
TAKE POSITION ON BREAKOUT SUPPORTED WITH VOLUME. ALTHOUGH IT IS A BEARISH PATTERN BUT SIDE OF BREAKOUT IS IMPORTANT FOR TAKING POSITION.
STOP > HIGH OF LAST CANDLE FOR SHORT/LOW OF LAST CANDLE FOR LONG (IN WEDGE)
MINIMUM TARGET - HEIGHT OF PATTERN
As you can see on the weekly chart fib, we have reached the .618 retrace of the crash and do not need to rise much further. A safe entry would
be waiting for a bear div at the top of the wedge or a test of the .618 fib level at 7800.