Inverted Hammer Sighted
Still consolidating in this massive ascending channel,
the FXCM dollar index gave out an Inverted Hammer at yesterday's close (Boxed in Yellow) hinting for a move that is Pro USD.
Sighted here is a Bearish Bat pattern completing at 11870s could provide another opportunity to go short.
On another note.. the Bullish move could resume from here on as the inverted hammer nullify the evening star pattern.
A break bellow close bellow the Red Support Line invalidates the Bearish Bat pattern and signals the Bears have won.
Look to RSI for the breaking point.
#Caveat
the FXCM dollar index gave out an Inverted Hammer at yesterday's close (Boxed in Yellow) hinting for a move that is Pro USD.
Sighted here is a Bearish Bat pattern completing at 11870s could provide another opportunity to go short.
On another note.. the Bullish move could resume from here on as the inverted hammer nullify the evening star pattern.
A break bellow close bellow the Red Support Line invalidates the Bearish Bat pattern and signals the Bears have won.
Look to RSI for the breaking point.
#Caveat
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