DXY - Inverted Head and shoulders reversal
Updated
An inverted head and shoulders pattern has formed in DXY hourly. Watch for a level above 93.70 for a move to 94.80. This may very well be the reversal on the shorter term chart which would confirm that DXY has bottomed and on a path towards 98 in a few weeks/months time.
if this pattern is confirmed, we can see some corresponding correction in Metals and EM equities.
if this pattern is confirmed, we can see some corresponding correction in Metals and EM equities.
Trade closed: stop reached
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