WEEKLY TRENDLINE being respected from the breakout of previous trend
WEEKLY DOUBLE BOTTOM or "W" formation first confirmation of reversal, left bottom in JANUARY 21' and right bottom in MAY 21'
AFTER BREAKOUT WEEKLY BEARISH TREND
Market starts forming HH's and HL's creating a weekly bullish trendline with bullish continuation patterns... candles on daily and weekly timeframe respect this trendline on every touch
1ST TOUCH - SEPTEMBER 21'
2ND TOUCH - end of OCTOBER 21'
3RD TOUCH - JANUARY 22' (on the daily it looks like a fakeout but really is a pullback to previous weekly HH which is fib retracement 61%
4TH TOUCH - APRIL 22' is my predication and if weekly candles respect trendline again plus confirmations on smaller time frame then ill expect bullish continuation
EXPECT "USDxxx" PAIRS to rise and "xxxUSD" pairs to fall
WEEKLY DOUBLE BOTTOM or "W" formation first confirmation of reversal, left bottom in JANUARY 21' and right bottom in MAY 21'
AFTER BREAKOUT WEEKLY BEARISH TREND
Market starts forming HH's and HL's creating a weekly bullish trendline with bullish continuation patterns... candles on daily and weekly timeframe respect this trendline on every touch
1ST TOUCH - SEPTEMBER 21'
2ND TOUCH - end of OCTOBER 21'
3RD TOUCH - JANUARY 22' (on the daily it looks like a fakeout but really is a pullback to previous weekly HH which is fib retracement 61%
4TH TOUCH - APRIL 22' is my predication and if weekly candles respect trendline again plus confirmations on smaller time frame then ill expect bullish continuation
EXPECT "USDxxx" PAIRS to rise and "xxxUSD" pairs to fall
Trade closed: target reached:
DXY reached goal perfectly
Comment:
