see the chart for technicals
0.5fib level on long term weekly chart was tested/formed resistance
downtrend line has been broken and retested
invers head and shoulders forming
in addition 'fundamentals' - the orange nitwit is (trying to) push through his tax reforms which may/should be dollar bullish
all possibly good reasons to be bullish the USD again on pullbacks
what do you think??
0.5fib level on long term weekly chart was tested/formed resistance
downtrend line has been broken and retested
invers head and shoulders forming
in addition 'fundamentals' - the orange nitwit is (trying to) push through his tax reforms which may/should be dollar bullish
all possibly good reasons to be bullish the USD again on pullbacks
what do you think??
Comment:
Comment:
neckline broken!
testing previous high, now we need to close above the neckline for confirmation and we can long the USD - preferably against weaker pairs (AU, NZD or GBP)
neckline broken!
testing previous high, now we need to close above the neckline for confirmation and we can long the USD - preferably against weaker pairs (AU, NZD or GBP)
Trade active:
close above neckline AND above the previous top = bullishness confirmed
now looking for pullback to enter
now looking for pullback to enter
Trade active:
pull back came a bit late... but we have a nice pin bar now on daily and rejection/close above daily 100ma. going long here in small position to see how the week end and may add more at market open