Hi Guys
I have been following this setup on the USDX for some time around the idea of an inverse head and shoulders pattern breaking at the 91.00 zone. This break would signify further bullish momentum is to come and a potential risk off movement throughout all investments. Another interesting fact is that the inverse head and shoulders pattern has already broken out on other cross pairs such as USD/CHF! Is this possibly showing a sign of things to come?
I have been following this setup on the USDX for some time around the idea of an inverse head and shoulders pattern breaking at the 91.00 zone. This break would signify further bullish momentum is to come and a potential risk off movement throughout all investments. Another interesting fact is that the inverse head and shoulders pattern has already broken out on other cross pairs such as USD/CHF! Is this possibly showing a sign of things to come?