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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