Sorry guys I used caps to try and capture attention please let me know if it attracts you or pushes you away.
We have a H&S forming with perfect symmetry using fibonnaci.
Move down from 103 to 99 looks impulsive to me Therefore this move up from 99 to 102 can simply be a corrective pattern to the upside (using momentum indicators to help you with this confirmation)
At minimum im looking for a double bottom.
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The media and news pundits banking on a rate hike this March.
NFP next Friday will be critical if we miss that number this US dollar will come down quickly.
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Draghi is keeping this pattern valid. If it holds we can see serious Dollar Weakness. With an already factored in rate hike and a debt ceiling discussions next week this may be the perfect catalyst for the start of some serious $ weakness.
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Looks like Yellen is confirming this technical pattern as well.
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Trading this time frame is beautiful, stress free, position size can be small yet returns can be great!