IvanLabrie
Long

DXY/XAUUSD: Terminal pattern spotted

3 months ago
It appears we'll see a forceful rally in the dollar (and a similarly fierce drop in gold             ) in the coming days. The terminal pattern on chart implies we'll reach May 30th's high in 1/3 of the time that forming the terminal triangle took, counting from August 18th's daily low.
The post pattern confirmation demands the time and price target is met, so, to be a valid terminal triangle, we need to see a really sharp move here, that will catch most people off guard.

The trade idea, in the case of DXY             , is simple, you can refer to my DXY             publication in related ideas. As for gold             , you can enter shorts at market, risking a move above 1321 in the XAUUSD             chart, which is very aggressive, but in line with the technical and fundamental key levels on chart.

Good luck!

Ivan Labrie.
3 months ago
Comment: Breaking under last week's low isn't good for USD bulls. I'd expect further downside.
a month ago
Comment: This ratio has been quite good. Now, we can look for a long on a new daily high tomorrow.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out