Tempted to short USD, but...Any counter-trend trader and the active trader will be tempted to short this candle formation. However, a matured trader will hold his horses and check if there's any upcoming Economic Data Release. You will see that there's one that's going to happen in less than 45mins time.
Remember, you are a trader, not a gambler.
Pin Bar
Pinbar on retest confirming Strong USDOn daily chart we can see that after a failling breakout now price has come back for another breakout.
we can see that the price has already break the upper boundary of descending channel and currently retesting.
for me, a strong bullish pinbar on the daily chart are enough of confirmation that USD are going to get much more stronger.
so for the following week i will only looking for buying oppurtunities for USD/XXX pairs and selling oppurtunities for XXX/USD pairs.
Stay safe, Stay Green Brother,
Bitcoins quick updateIt seems Bitcoin will remain above 30000$, We shall wait to see daily candle but I want to share my opinion about Bitcoin sooner!
With that beautiful Pin bar I expect some side way movements here and a quick wave up to Daily channel mid-line around 35000$(Upper and lower lines are hide)
At the moment, the explanation is enough, let's see what will happen
I will update chart soon
Good luck