A perfect shooting star pattern on a descending trend line for the Dollar. Reversal at play off of this so expect some weakness for the Dollar this week!
For me this means that candle stick reading is useless...price action is everything...and techincal only still fails...so fundamentals will always needs to be taken into account...if not it’s loosing opportunities...but it’s so difficult to read it’s unreal
JordanWillson
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@syckin, yeah I had it pretty locked down for a short, spoke with some other traders who had it locked down for a short and then BAM! Went long lol
syckin
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Lol we have that in common...I got hit by fundamentals and made me loose 2k...but yes I believe it’s gonna go down...I think at this moments it’s showing signs of that and the news for tomorrow favour short of solar...
syckin
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i think you missed the fact that the up movement was very strong...looking to break that resistance....im I wrong?
JordanWillson
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@syckin, some fundamentals caused the DXY to spike up, I adjusted my stop but maybe this time I was just slightly off. Technicals were there but fundamentals let me down! Lol