Price for USD is forming what looks to be a Pennant Chart Pattern!
Pennants are known to be Continuation patterns where price typically will break out the direction it was heading prior to entering the pattern! BUT everyone knows MARKETS CAN DO WHATEVER, WHENEVER!
DXY has been stretching up since July 14th! Lets see if the BULLS have what it takes to push further up out of this pattern OR if the BEARS are ready for the downslide!
*BE AWARE: Fundamentally USD has Building Permits (19th), FOMC (20th), Unemployment (21st) and PMI (22nd)
Pennants are known to be Continuation patterns where price typically will break out the direction it was heading prior to entering the pattern! BUT everyone knows MARKETS CAN DO WHATEVER, WHENEVER!
DXY has been stretching up since July 14th! Lets see if the BULLS have what it takes to push further up out of this pattern OR if the BEARS are ready for the downslide!
*BE AWARE: Fundamentally USD has Building Permits (19th), FOMC (20th), Unemployment (21st) and PMI (22nd)
Comment:
Bears have given us a break to the DOWNSIDE!!!! Looking for setups against USD!!
