TradingView
X87
Feb 10, 2017 1:27 AM

UPDATE This is the Cypher and the channel we should be looking  Long

U.S. Dollar Currency IndexTVC

Description

In my last DXY forecast I found a Cypher Pattern that is profitable right now. So, returnign to the strategy for this trade, I was expecting this impulse, and right now, I need exactly this candle (blue point) to close above the 100.7. Why? If not, maybe we will have only a double top, something need to be aware of. I will place my stops orders in the USD pairs I´m trading. So, tomorrow is friday, and we will have some correction in the line, because traders want to clean the table for the weekend. I expect first some action in the EU session sending the lines back for tomorrow finishing session near that pink line that can be touching the 100.42 level. Techincally, what I mean is that I expect a Broadening Right Angled and Descending Pg. 45.

Be ready for monday that I expect we will have a fast movement taking us to our first TP1 at the 101 level (one that we already touched before ...... correction, then impulse TP2 101.3. Lets see.
More