i think this is very dangerous and can go either way...
on dailly i see a channel which we brokeout of and a possibility of a falling wedge which we also broke out of....either this is a pullback to channel..or the wedge (bullish) is in play....
see chart1 and chart 2 is 4hr zoomed in
second chart is of dollar index...and the mofo is as confusd as me as to the direction......see second chart..
what do u guys think?..i think news will show the direction as the dollar strength is in consolidation.....
on dailly i see a channel which we brokeout of and a possibility of a falling wedge which we also broke out of....either this is a pullback to channel..or the wedge (bullish) is in play....
see chart1 and chart 2 is 4hr zoomed in
second chart is of dollar index...and the mofo is as confusd as me as to the direction......see second chart..
what do u guys think?..i think news will show the direction as the dollar strength is in consolidation.....