Dollar index completes pullback, more weakness ahead
Trading plan
After breakout of the range at the end of May, trend is clearly bearish. Fundamentals speak about selling bias too (Fed's Bostic comments, hints about more stimulus, partial lockdown reversals in the US).
Bullish pullback has been completed completed in unusual double-top pattern which played as a trend continuation pattern (yes it happens sometimes).
SELL from 96.50 zone with target at June 10 bottom.
Stop Loss: 96.80. R/R: 1:3
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After breakout of the range at the end of May, trend is clearly bearish. Fundamentals speak about selling bias too (Fed's Bostic comments, hints about more stimulus, partial lockdown reversals in the US).
Bullish pullback has been completed completed in unusual double-top pattern which played as a trend continuation pattern (yes it happens sometimes).
SELL from 96.50 zone with target at June 10 bottom.
Stop Loss: 96.80. R/R: 1:3
Press like if you support this idea!