2 possible scenarios:
1. Price will breakout from the uptrend channel as seen on the daily chart. Breakout to confirm again if price breaks the 1926.05 support line and shall go short on retest
2. We can see a descending triangle forming as well - possible for the price to reverse back up. We can also use the DXY chart for further analysis.
Do drop me a like and share with me your analysis!
1. Price will breakout from the uptrend channel as seen on the daily chart. Breakout to confirm again if price breaks the 1926.05 support line and shall go short on retest
2. We can see a descending triangle forming as well - possible for the price to reverse back up. We can also use the DXY chart for further analysis.
Do drop me a like and share with me your analysis!
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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.