STRATEGY BASED ON IF US DOLLAR IS POSED TO GO HIGHER!
NOTICE THE FAST MOVE HIGHER, RAID ON PROTECTIVE STOPS ( REFER TO DAILY CHART- SWING).
I WANT TO SEE THE PRICE BREAK AND CLOSE BELOW 1.16091, SELL. FOR MORE CONFIRMATION, I WILL WAIT FOR A PULLBACK INTO 1.16091, SELL.
LOOKING LEFT OF THE CHART, THIS AREA FOR ME IS A GOOD SUPPORT/RESISTANCE ZONE.
GOOD LUCK!
Comment:
09/18/18 3:15am
EUR
ECB President Draghi Speaks - EXPECT VOLATILITY
EUR
ECB President Draghi Speaks - EXPECT VOLATILITY
1. PRICE MOVE HIGHER BREAKS ABOVE THE PWL, PULLS BACK AND CONTINUES TO MOVE HIGHER
2. A PARABOLIC MOVE HIGHER BREAK ABOVE PWH AND QUICK MOVE LOWER BELOW PWH, A PULLBACK FOR A SELL
3. CONTINUATION LOWER BREAK AND CLOSE BELOW 1.16091 AND ADD ANOTHER POSITION TARGETING PWL AND EXPECTATION TO FILL IN INEFFICIENT MOVE.