BXY is making potential double bottom and inverted HnS - this could be a start of a new epic bull run. Are you ready for it?
Kommentar:
And please excuse my drawing skills, don't have much time to dabble with colors and prefect shapes, but the messsage is clear imo.
Kommentar:
Obviously, the inverted HnS pattern was invalidated, still long-erm double bottom theory is holding. It's all up to king dollar right now. Will observe and trade accordingly.
Kommentar:
The inverted HnS theory was invalid, however, so far the double bottom seems to be holding. Currently we have a position in GBPUSD and were able to catch the bounce.
Kommentar:
Structure broken, hyopthesis invalid, currency index made lower low and is outright bearish.