US dollar looks very aggressively overbought, but anyways still we can say the possibility of an uptrend is pretty high.
We have several scenarios, all not tradable. so we will not open any trades on this before we have more reliable signals.
1. Yellow: Probably the impuls is not yet finished, but very close to it, not it will be quite risky to open longs on USD at this particular lvl.
2. Purple: in the case we have a finished impulse, it is time to have a correction and then a possible continuation, we stay bullish here;
3. Green: here we can expect a possible continuation of this impulse from the trend line;
We have several scenarios, all not tradable. so we will not open any trades on this before we have more reliable signals.
1. Yellow: Probably the impuls is not yet finished, but very close to it, not it will be quite risky to open longs on USD at this particular lvl.
2. Purple: in the case we have a finished impulse, it is time to have a correction and then a possible continuation, we stay bullish here;
3. Green: here we can expect a possible continuation of this impulse from the trend line;
Comment:
Also we should not forget about possible very aggressive down movement as far as the FED is about to "print" unlimited amount of money which in theory can have a huge impact on US dollar.
Trade closed manually:
So looks like it is time to make another perspective.
Trade closed: target reached
