DXY - 07Dec2021
On the H4 time frame, prices still facing bearish pressure from the adjusted descending trendline. We could expect a slight bearish bias as long as prices are kept below descending trendline resistance which could drop to 1st Support at 95.405. Also noting that a potential h&s could still be in the formation.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the H4 time frame, prices still facing bearish pressure from the adjusted descending trendline. We could expect a slight bearish bias as long as prices are kept below descending trendline resistance which could drop to 1st Support at 95.405. Also noting that a potential h&s could still be in the formation.
This is for personal record purposes only, not financial advise or solicitation of trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.