Description
⋅ My projection for the DXY on the hourly chart:
Expecting the DXY to go down from the current levels i.e. 101.48 or from 101.57
It can go down till 100.63, retrace back a little from there and then head down to 100.08 zones.
Strong resistance at top with the completion of a ABCD Pattern & Bearish Butterfly pattern along the same zone.
But, CPI and Yellen testament tonight might invalidate my view.
Comment
⋅ Seems to be going the way predicted, will keep an eye out
Trade closed: target reached
⋅ Went exactly the way expected