This is a short term trade. If that thin pink channel we´re trading right now is broken, then we should bear the DXY but only up to 100.93 taking us to the bottom black channel or 61.8 last bullish impulse, probably tomorrow US session. Anyway DXY seems to be overbought. What happens next? We will see ..... this is trading.
If the black channel broken then we will return to the pink gross channel we had been trading since dec 2016 probably looking for the 38.2 fibo retracement in between those yellow lines waiting for a flag and then continue bear or a bullish pullback breaking the pink gross channel then flag and again impulse.
If black channel not broken then bull again.
If the black channel broken then we will return to the pink gross channel we had been trading since dec 2016 probably looking for the 38.2 fibo retracement in between those yellow lines waiting for a flag and then continue bear or a bullish pullback breaking the pink gross channel then flag and again impulse.
If black channel not broken then bull again.
