DXY - Descending wedge LONG opportunuty
%61.8 Fibo Retracement at 1279. T1 :1258 T2 : 1249 SL :1280
DXY is standing at a very critical position right now. There is a strong historical peak resistance and resisted by Fibo%63.8 retracement as well.. At the same time potential Shoulder-Head-Shoulder pattern is almost completed. On the other hand rate hike is pushing up the DXY. Yellen's speech on Friday may accelerate the new big movement.
Inverse Shoulder Head Shoulder Pattern is almost completed.Please keep your mind this pattern itself could be a right shoulder of a bigger Inverse shoulder Head shoulder pattern.
Strong fibo %61.8 support at 1.2261 Target 1.2470 if descending wedge breaks up
Dear followers as you know all the milestones have been shared for the LONG action during the last month. Now there is a short opportunuty. TP 1.12. If break outs next stop will be potentially at 1.11 Then we may talk about the new LONG oportunity