Technical Analysis: YPP is the "KEY LEVEL"
JULY : Bullish Breakout YPP
AUGUST: Test Bullish Breakout
SEPTEMBER : Re-test Bullish Breakout
OCTOBER : Fake Signal or Consolidation?
Thank tou for your support and trade with care!
If this analysis interests you (eurusd), later we will publish the weekly trading support and resistance levels.
I found the DXY is represnting USA inflation rates so if we have 2% inflation target in USA, then we have 2 ways, shorting gold by longing DXY it's same as EURO weakness, or FRB rises rates for pushing it up 0.7% by 0.25% volume like last year. I don't think FRB would like rise it in 2016 because the inflation is very high now.
Victor, the elections can really upset everything, we prefer to wait, although I share your idea about inflation, but at the moment there are too many variables. We are following the yield curve (10y) and we want to see if in December there will be a simple increase in interest rates, or whether it will start a true monetary cycle, we will see. :)
Thank you Sir! The neck could be tested at 1.1616 and we looked for 1.20- 1.22. If Trump wins DXY could rise 10% after small pullback. Something like the end of 2008 is happening. If the market is flat then we have 1.1100 midpoint with harmonic patterns.
wish I understand a trading plan or any kind of setup from latest chart, you short? long? Why you can't clearly say a trading plan if you are already sharing some chart?? You cant even tell if you are short or long