*One more Pump for US DOLLAR ?*
DXY maybe looking to pump one more time, on the *H4 timeframe :* we are looking for potential double bottoms on trend before we complete a first target to 96.447 and if we continue with that bullish movement
( at the 96.447 we would have created a perfect head and shoulders pattern with both shoulders on the 96.447 zone and the head at 97.415 )
If we continue with the bullish movement we will potentially reject at the 97.415 zone which price would have created a double top on the *Daily timeframe :* the Double top is clear and we might potentially look to head downwards *target one* is 94.604 zone ( blue area ) and in the long long long run the 91.692 zone
DXY maybe looking to pump one more time, on the *H4 timeframe :* we are looking for potential double bottoms on trend before we complete a first target to 96.447 and if we continue with that bullish movement
( at the 96.447 we would have created a perfect head and shoulders pattern with both shoulders on the 96.447 zone and the head at 97.415 )
If we continue with the bullish movement we will potentially reject at the 97.415 zone which price would have created a double top on the *Daily timeframe :* the Double top is clear and we might potentially look to head downwards *target one* is 94.604 zone ( blue area ) and in the long long long run the 91.692 zone
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Long term move?
DitebogoKhunou
about DXY