DXY - Double-Top Confirmed? Sign of Weakness?
Hi Traders. If you pay close attention to 2016 & 2020 high, which are 102 - 103 areas.
Price attempted really hard to break the 103 area, failed once, then now price again tried to rally above the previous high (105 - 106), still failed and formed a potential Double-Top.
For now, the only level where i'll put my attention at is the 103 level.
Once price finds weakness dipping below 103, that could potentially be the first sign of a reversal, but right now it is still yet to be confirmed.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Price attempted really hard to break the 103 area, failed once, then now price again tried to rally above the previous high (105 - 106), still failed and formed a potential Double-Top.
For now, the only level where i'll put my attention at is the 103 level.
Once price finds weakness dipping below 103, that could potentially be the first sign of a reversal, but right now it is still yet to be confirmed.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
