Dollar May Complete Short Term Bearish AB=CD
DXY has broken out of its previous structure and so I am prepared for longer term bullish, but if no warning signs are present I will take this trade and just move stops to breakeven ASAP. This week I am finding the AB=CD pattern has been hitting TP1 pretty consistently and so I hope it will finish the week the same way. Note that the targets are tentative and should be adjusted based on the high price after it appears a reversal has started.
Your own views, comments or feedback are always appreciated.
Your own views, comments or feedback are always appreciated.
Nice drop from the entry point. Since the price has moved an equivalent amount to my original risk, I am moving stops to breakeven and holding for updated targets of 100.56 and 100.29