Simple 12H analysis on the USD Weighted Index (not DXY)
Seems as though we are creating a 1-5 elliott wave, and reacting strongly to the drawn trendline.
I expect the market to form the final wave, completing the elliott pattern, and for the impulse to be exact same size as the first wave, which will then bring us to the marked zone, which is a very key weekly reversal area.
USD still has some room to gain strength, even with all the trade wars happening. So i expect this to be a smooth journey for a bullish USD across the board.
@PipsOfPersia
t.me/pipsofpersia
Seems as though we are creating a 1-5 elliott wave, and reacting strongly to the drawn trendline.
I expect the market to form the final wave, completing the elliott pattern, and for the impulse to be exact same size as the first wave, which will then bring us to the marked zone, which is a very key weekly reversal area.
USD still has some room to gain strength, even with all the trade wars happening. So i expect this to be a smooth journey for a bullish USD across the board.
@PipsOfPersia
t.me/pipsofpersia