Adamfxm

bearish scenario on the dollar index

Short
TVC:DXY   Indice Dollaro americano
last week we have seen dollar break its monthly down trend with bulls taking us up to about a 103 in price, how ever as the week close i saw bears kicking back into the weekly lows, suggesting more sells for the index, i will like to see price back at 102.326, this might be a correction and it can also mean a continuation of bears run, however at the mean time lets trade what we see.

pattern - H&S
disclaimer - patterns do fail even tho they play out positive 80% of the time just like any other trading pattern or stretegy, risk management should be applied grievously,

what do you think of this setup? please lets know what you think.

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