Is King Dollar poised for a flush ?
Updated
Possible H&S formation on the DXY.
These formations do not always work out....
But interesting to watch since it would have profound implications on Crypto Assets and Prescious Metals Mining companies....
I am bullish on all the above, especially on PM since the Gold / Silver ratio recently had a major break down.
These formations do not always work out....
But interesting to watch since it would have profound implications on Crypto Assets and Prescious Metals Mining companies....
I am bullish on all the above, especially on PM since the Gold / Silver ratio recently had a major break down.
Trade closed manually
This was a fake breakdown. After touching the 100 level, the DXY rebounded strongly. Even though I thing the dollar could still roll over from here, I will close the trade, admitting my forecast was inaccurate.
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