Hello everyone!
GU forming what is called "cup and handle" pattern, what do we expect? an impulsive move to the upside targeting +1.41 with a tight stop loss which gives us a nice RR ratio!
Note: Breaking resistance at 1.4 gives the option to add more in the position size!
DXY is very bearish:
GU forming what is called "cup and handle" pattern, what do we expect? an impulsive move to the upside targeting +1.41 with a tight stop loss which gives us a nice RR ratio!
Note: Breaking resistance at 1.4 gives the option to add more in the position size!
DXY is very bearish: