DXY - 8Hr Downtrend Wedge vs Weekly uptrend
Firmly in the no trade zone, Yes a H&S broke but it looks like it could get choppy from here if the inner wedge holds support. Choose carefully the USD pair to play.
If it breaks out to the upside, i would be looking for it to flip some horizontal resistance around 92.5 in addition to the wedge breakout to go bullish.
If it breaks out to the upside, i would be looking for it to flip some horizontal resistance around 92.5 in addition to the wedge breakout to go bullish.
Comentarios:
Inner wedge has broken and held resistance, taking aim at the 2020 low now.