Head & Shoulders Pattern on DXY

9 Nis 2023

DXY seems to be forming a perfect head and shoulders pattern in this weekly chart. However, it is still above the neckline while the right shoulder is almost completed. Once it breaks the support around 101.5 in the week ahead, that will be the time to short $ against everything, or Long strong pairs against $ like Gold, GBP, JPY,AUD,BTC etc.