So I have posted a few ideas based on the bearish $. As per a chart that I posted a few weeks ago I see $ going down from the resisting trendline. Now this went up slightly higher than the referenced idea however there was no clean break of this trend. You can now see we have broken down below 2 levels of supporting trends on the lower timeframes which given me confidence of a move lower.
I am also seeing signs of the weakening $ on other $ related pairs.
I am also seeing signs of the weakening $ on other $ related pairs.
Comment:
this idea is not invalid as we have had a strong push up above the resisting trend. I would expect this to go up to 104.6 and then 105.5.