We had a breakout of a descending wedge on the daily timeframe at the start of this year, which indicated that we are on the verge of a reversal from bearish to bullish .
We could be making a double bottom before moving up. Safest thing to do is to monitor to the descending trendline and wait for a break.
DXY is used to anticipate US dollar strength and is inversely correlated with EURUSD and GOLD . We can use this chart to gain really good entries for other pairs!
We could be making a double bottom before moving up. Safest thing to do is to monitor to the descending trendline and wait for a break.
DXY is used to anticipate US dollar strength and is inversely correlated with EURUSD and GOLD . We can use this chart to gain really good entries for other pairs!
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