Hello fellow traders. As said in previous post I am still on Short in search for 17th profit in a row. First out of 3 positions I got open is in profit, booked the first on and now I am on second sell to #1,210.30. The October 18 low has been touched with the Hourly 5 Channel Up brining Gold one step before the #1,219.80. Shortly we will see clear Bearish signs on Daily chart. The USD-JPY broke above its 112.90 Hourly 5 Resistance and it is up to the BoJ during the Asian session to keep this selling momentum going. DX has now met its daily Resistance with the next Hourly 5 being of utmost importance as it will determine investor sentiment (rejection lower of break out higher), although Hourly 5 should technically make a High at #97.20. If the stock markets hold their current support levels, I expect to book my second Take profit # 1,210.40 to be realized soon. Ultimate (3rd) Short position is to #1,200.40, and if that breaks I expect another pullback to #1,180.30 but I will only post about that matter if #1,200.40 breaks. For now as said first Short profit is booked and I expect #1,1210.40 soon! Take care and have profitable week!
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