DXY Reversed off .618 Fib, Sell The Retest of Broken Channel

Here we can look to short the dollar after price was rejected at the .618 Fib retracement after making a double top

. Although this rising channel is still intact, we can sell the retest of structure if price manages to break the ascending support line.

IF this channel is broken, I will target the 1.272 extension of the initial bearish impulse leg: a level with strong structure confluence.

Goodluck!