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mortdiggiddy

61.8 Fib Pullback

Euro / U.S. Dollar (FX:EURUSD)  
mortdiggiddy Updated   
FX:EURUSD   Euro / U.S. Dollar
Pivot Points Parallel Channel
9
0
pivotpoints parallelchannel
ECB and USD data was a double whammy today for EU. Do we just consolidate now? $DXY $GBPUSD $TLT $GLD
Comment:
The Daily ATR Trailing Stop is the thing I am really looking at. These guys typically get broken as we did last week to "end" the downtrend, and then retest the new trailing stop (now green).
snapshot
Comment:
DXY same type of move here on the daily ATR trailing stop, but just opposite.
snapshot
Comment:
Worst case scenario is EU goes for the backtest of the main channel (the channel of the previous downtrend) and the Year Pivot. See
Possible Retest of Lows
Comment:
All the way down to 78.6% with no brakes.
Comment:
I have have a strong feeling we get the Year pivot @ 1.1500.
Find the edge.

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