While I was scanning my charts for ’em sexy setups, I noticed an inverted hammer (the one that looks like an upside down marshmallow on a stick candle) on the daily chart of USDX. Being a proud graduate of the School of Pipsology, I know that this candle is usually seen as a bullish signal. But to make USDX even more bullish, the candlestick formed around a previous support and resistance level!
I haven’t found a setup on any dollar pair that I’m really confident in. So I’m just throwing this question out in the open: Do you think we’re going to see the dollar rally soon? Lemme know what your thoughts are!
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