@kevin3802 on DXY | PriceONN Community
K
Anyone else looking at a potential head and shoulders forming on the DXY 4H chart? I'm seeing the left shoulder around 99.2, the head at 99.5, and now potentially forming the right shoulder around these levels. If it breaks down below the neckline around 99.2, could be a decent short opportunity. But with the dollar strength lately, I'm hesitant to go against the trend. What are your thoughts? I'm wondering if I should wait for confirmation before considering a short position or if it's too risky with the current bullish momentum. Should I wait for a retest of the neckline after the break?