Note: Last week, most USD economic news were not so good!
Scenario1:
Bigger picture is to Go Short!
Reason: Double top and it breaks neckline (Reversal trending pattern).
If the price could not break 1240 (resistant zone at line 3)
It will shows even stronger to go short more,
if it will break 1214 (right shoulder)
Scenario2:
Go Long!
Inverse head and shoulder (revers trending)
It breaks downtrend.
Good luck! Trade at your own RISK!
Ideas from Tipstradingforex
Bigger picture is to Go Short!
Reason: Double top and it breaks neckline (Reversal trending pattern).
If the price could not break 1240 (resistant zone at line 3)
It will shows even stronger to go short more,
if it will break 1214 (right shoulder)
Scenario2:
Go Long!
Inverse head and shoulder (revers trending)
It breaks downtrend.
Good luck! Trade at your own RISK!
Ideas from Tipstradingforex
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.