I believe the dollar started its U-turn already, but breaking a descending channel like this is another good sign to sell in the short term.
Usually, when a channel is broken in the same direction as the channel itself, the price consists a new-twin channel in the same direction and plays in it.
*Rating: ⭐⭐⭐
*In every trade setup or analysis I publish, I follow a rating system from 1 to 5 stars, where 5 is very probable due to confluence between different schools of analysis or between geopolitical events and the chart patterns or between fundamental reports and sentiment and indicators, all among all of them where the trade would obviously be rated 5 stars ⭐⭐⭐⭐⭐. This helps me and whoever follows me to adjust their risk management and enjoy a dynamic risk management system that is much more profitable and agile to different market conditions and certainty levels.
Usually, when a channel is broken in the same direction as the channel itself, the price consists a new-twin channel in the same direction and plays in it.
*Rating: ⭐⭐⭐
*In every trade setup or analysis I publish, I follow a rating system from 1 to 5 stars, where 5 is very probable due to confluence between different schools of analysis or between geopolitical events and the chart patterns or between fundamental reports and sentiment and indicators, all among all of them where the trade would obviously be rated 5 stars ⭐⭐⭐⭐⭐. This helps me and whoever follows me to adjust their risk management and enjoy a dynamic risk management system that is much more profitable and agile to different market conditions and certainty levels.