DXY 2h , possible inverse H&S , long idea conflunce EURUSD
I m here again lol. DXY 2h this is the conflunce that i was talking about. Now if we look at major TM such as monthly we can see how the previous month close in shooting star and rejection so the first idea is DXY start to reverse to the downside but it isn t always like that and for some reasons maybe this is not that case.
1 a shooting star or doji gravestone closing on strong support can still have potential upside in the next candle.
2 when we have momentum (and dollar is still strong) the wicks fill works on high probability.
3 often before a reversal market we re going to see a double test (double TOP here) so maybe before a correction of the dollar we re going again to test last time high at 97.00.
Enjoy guys.
1 a shooting star or doji gravestone closing on strong support can still have potential upside in the next candle.
2 when we have momentum (and dollar is still strong) the wicks fill works on high probability.
3 often before a reversal market we re going to see a double test (double TOP here) so maybe before a correction of the dollar we re going again to test last time high at 97.00.
Enjoy guys.