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rohitkaran
Aug 3, 2020 10:20 AM

DXY - Inverted Head and shoulders reversal  Long

U.S. Dollar Currency IndexTVC

Description

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

Comments
krinskrinskrins
Hi
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