Currently looking at the Dollar index from 4h time frame, i see a head and shoulders pattern indicating a reversal. The level where the right shoulder is taking form is also the 50/618 Fibonacci zone of the currently reversing bullish trend, also indicating a reversal. Viewing even from a higher time frame (1W), you'll notice that the head/peak of the head and shoulders pattern which is a support level price hasn't tested is at the Fibonacci 50/618 zone making it a possible point of/for …
DXY: Bullish continuation for CAPITALCOM:DXY by immalebechi
Currently looking at the Dollar index from 4h time frame, i see a head and shoulders pattern indicating a reversal. The level where the right shoulder is taking form is also the 50/618 Fibonacci zone of the currently reversing bullish trend, also indicating a reversal. Viewing even from a higher time frame (1W), you'll notice…
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