I believe this bearish move, which we are observing in the 1-hour timeframe market structure, is a bearish corrective move. Consequently, there is a possibility of a bullish continuation move in the Dollar.
Upon closer inspection, we can see the formation of a reverse head and shoulder pattern, which is an intrinsically reversal pattern and signals a potential bullish move.
If the price manages to break above this bullish pattern and a short-term bearish trendline, we could assume that our higher timeframe bullish move would possibly continue.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Upon closer inspection, we can see the formation of a reverse head and shoulder pattern, which is an intrinsically reversal pattern and signals a potential bullish move.
If the price manages to break above this bullish pattern and a short-term bearish trendline, we could assume that our higher timeframe bullish move would possibly continue.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
