DXY TRADING IDEA

2018年12月2日

WE SEE 2 POSSIBLE SCENARIOS FORMING. PRICE HAS FORMED A DOUBLE TOP AT WEEKLY RESISTANCE WITH EXHAUSTION CANDLES WHO REPRESENT THE LACK OF VOLUME TO THE UPSIDE. THIS CAN BE ADDRESSED AS A CHANGE OF DIRECTION TO THE LAST ZONE OR SUPPORT MARKET HAD PREVIOUSLY TRADED AT. WE CAN ALSO SEE THE FORMATION OF A POSSIBLE SHOULDER HEAD SHOULDER PATTERN. THIS IS WHAT GIVES US THE POSSIBLITY OF HAVING A BREAKTHROUGH TO THE UPSIDE. IF MARKET BREAKS NECKLINE WE NEED TO CONFIRM THE LACK OF VOLUME IN BEARISH DIRECTION. WHICH MEANS WE WILL WAIT FOR EXHAUSTION CANDLES AT RESISTANCE WHO WOULD BE NOW SUPPORT OR ALSO THE NECKLINE OF OUR MARKET STRUCTURE, TO CONFIRM ITS BULLISH VOLUME INPUT.