- We can observe some interesting price action with DXY. - Price made a LL after breaking the last consolidation area' low. - Price formed a double top pattern and then dropped 100% again with a strong bearish movement. - Price started retracing in an ascending channel after reaching 90.000 (Major S). Price now at the golden fib zone and already made a very long engulfing pattern on weekly timeframe. - We we wait for the price to break this ascending channel and after the retest we have a confirmation for a big bearish movement.
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