Two tide combine.
As per my previous graph, we see a clear bullish weekly RSI divergence. The 4hr chart implies similar, but is also accommodated by a near perfect harmonic butterfly formation.
Safe profit range would be around 91.1/91.2 as the harmonic butterfly suggests, however with a weekly divergence within a long running falling wedge the dollar might see highs of up to 96 before continuing to fall down
This might open doors to a new and final PM low.
As per my previous graph, we see a clear bullish weekly RSI divergence. The 4hr chart implies similar, but is also accommodated by a near perfect harmonic butterfly formation.
Safe profit range would be around 91.1/91.2 as the harmonic butterfly suggests, however with a weekly divergence within a long running falling wedge the dollar might see highs of up to 96 before continuing to fall down
This might open doors to a new and final PM low.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.