amateur analysis on dxy. Saw the uptrend that started in early September 18. Seemed to form a small triangle between the low of 94.64 and high of 96.05. Once it hit the high as predicted on October 18 it proceeds to drop. We already see the uptrend happening again which has effected other pairs like EurUsd which has been on a short for the past 2 days. But once it hits the high again it might bounce off and fall down to the low of 94.64 or lower. Its in a small channel happening.
Kommentera:
High was hit again as a fake out and th down trend begins.