Pattern: Bear flag
Confirmation: Overall trend down / Yes. Small upwards consolidation channel / Yes.
Entry: Waiting on the break and re-test of the structure.
Fundamentals: Inflation for the DXY is of course very high but is seen in a good position given the current world circumstances etc. A lot of DXY price will be driven from employment reports which should see this pair continue downwards given the USD strengthens.
Confirmation: Overall trend down / Yes. Small upwards consolidation channel / Yes.
Entry: Waiting on the break and re-test of the structure.
Fundamentals: Inflation for the DXY is of course very high but is seen in a good position given the current world circumstances etc. A lot of DXY price will be driven from employment reports which should see this pair continue downwards given the USD strengthens.
