DXY Update 7-19-19
Had a nice wick today form at the top of the bearish minor channel. If we break support as it looks like it's going to do, we are going to get some bearish momentum against the dollar. Retest as resistance and then drop to the next support level. BUT we are in an H & S, and our wedge is getting tighter. Considering we have been in the major bullish channel since May of 2018... I have a hunch we are going to break the wedge bullish... You can play it safe and wait to see what it does at the wedge, or buy at the bottom of the support and ride it back to the top of the bullish channel! Good Luck everyone! Have a great weekend! Let's catch some more pips next week! If you like my analysis hit that follow button. Appreciate the support I have gotten so far makes me want to continue to share my thoughts on the market!
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