Based on the previous analysis using a higher timeframe, I have analysed that we expect a bearish momentum from this trade.

Based on the 15 min timeframe, the price has retested and rejected the zone, forming an inverted hammer candlestick. I do anticipate that a bearish momentum is been formed.

Entry price at 106.9, SL at 107.2 and Target at 105.5
Chart PatternsDXYdxyanalysisdxyforecastdxyindexdxyshortTechnical IndicatorsTrend Analysis

Also on:

Related publications

Disclaimer