I expect drop down to a grey zone marked on chart which might be a reversal area and start of second impulse.
Existing structure leads me to conclusion that we might have also cup and handle pattern in development.
All details on chart.
Existing structure leads me to conclusion that we might have also cup and handle pattern in development.
All details on chart.
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Some more up before pullback which should be in form of descending channel or handle shape.
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Possible triangle than flat
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There is high probability of breakout as DXY is turning downside.
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Possible one more down or breakout.
Watch 0.77000 level for clues
Watch 0.77000 level for clues
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Watch 0.77000 level where we might get small pullbac
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Broke the uptrend trendline and consolidate under which means we will have another wave down to trest previous swing low
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Please ignore above update, wrong chart.
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Finally breakout.
Price should reach 0.8100 - 0.8200 level
Price should reach 0.8100 - 0.8200 level
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800+ pips in profit already.
I have closed 1/2 of position.
Final target still not reached.
I have closed 1/2 of position.
Final target still not reached.
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You can aim for 0.82000 target
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Last push before reversal.
Aiming for 0.81600 level
Aiming for 0.81600 level
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One more big wave up to hit 0.81600 level is possible within this structure before the last impulse down.
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Possible ways how the structure might develop.
