DXY
Updated
WHERE ARE WE ?
-green zone
RULE OF THREE
-impulsively
WHAT'S NEXT ?
-waiting for bearish pattern
-or bearish impulse followed by continuation
-green zone
RULE OF THREE
-impulsively
WHAT'S NEXT ?
-waiting for bearish pattern
-or bearish impulse followed by continuation
Note
hello trader,What is happening and what are we looking for?
• The price just approached the double top in HTF in a form of an ascending channel, I think it still early to decide whether it will be bearish or bullish.
• Looking at how the price approached the double to in the form of 1, 2, 3 but the last phase of the structure was very bullish.
• When I zoom in to LTF the price is developing something like a continuation pattern.
• since bearish movement has high probability, I think the price will break the double top then come back in the structure, from there I will be looking to go short on USDXXX pairs and go long on XXXUSD.
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