DXY - 22Nov2021
On the weekly time frame, there could potentially be forming 3 white soldiers. We will have to monitor how the price action plays out for these few days. We could also potentially expect DXY to reach its H&S target at 96.72 this week.
On the H4 time frame, prices faced bearish pressure at the previous Fib confluence resistance. Noticed that Stochastics is also forming negative bearish divergence, we will have to wait and see how the price action plays out at this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly time frame, there could potentially be forming 3 white soldiers. We will have to monitor how the price action plays out for these few days. We could also potentially expect DXY to reach its H&S target at 96.72 this week.
On the H4 time frame, prices faced bearish pressure at the previous Fib confluence resistance. Noticed that Stochastics is also forming negative bearish divergence, we will have to wait and see how the price action plays out at this level.
This is for personal record purposes only, not financial advise or solicitation of trade.