Potential H&S pattern
I think USD is suffering from exhaustion after a solid run.
My conviction is largely due to negative divergence in RSI.
To my eye, this looks very much like a high probability trade.
Short at the Right Shoulder to build-up profits to again go short after breach of neck line.
Great carry trade pair, even when it stands still.
TVx
I think USD is suffering from exhaustion after a solid run.
My conviction is largely due to negative divergence in RSI.
To my eye, this looks very much like a high probability trade.
Short at the Right Shoulder to build-up profits to again go short after breach of neck line.
Great carry trade pair, even when it stands still.
TVx