rohitkaran

DXY - Inverted Head and shoulders reversal

Long
TVC:DXY   U.S. Dollar Currency Index
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.
Trade closed: stop reached

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