In the Daily time frame, you will see that still we are in the same channel since 2016 started. But where to go then inside that red channel we´re rebounding along? If you go back all 2016, will find the blue circles price action in the AXY to be something as a pivoting level. In the past, surpassing that level will take us very fast to reach next level. So, if a channel is still a channel in tech analysis, then my next trade will be trading the bear trend below 75.150 or EP. TP1 73.590, lets see then, and TP2 71.500. I will take first TP1.
Trade active:
Ups ..... lets go baby.
Trade active:
Remember to take your profits step by step. TP1 73.590
Trade closed: target reached:
Ande here is your TP1.