EURUSD and DXY have an all time negative correlation. Now, it's a clearly short opportunity.
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It's surprising me that so many people are looking for EUR longs. Just a guess.
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A batman harmonic pattern and a monthly 5th. wave could be happening in 2 months.
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I'm using this technic "pitchfork reflection" by Victor.Y.F. It's inspired by "when the price is crossed the trend line it tends to copy the moving before". Last analysis was very popular Lol. So I use the same way to do it again.
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OBV is showing good sign of volume increasing.
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Case closure. Target has been limited by EURUSD implied volatility. We should've reached 1.24757 where 2014 key close price. EU zone investment condition will be worse. Merry Christmas and happy new year!
1.18 for me is important resitance... I will decide after tht either short or long...
Sakakikunmakio
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My launching pad @1.12xx above... Soon u will see 1.16xx/// 1.18
Victor.Y.F
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Thank you for your hints! 1.18433 is a very strong inflection zone also a 0.7 retracement as I mentioned, we will get there if everything goes well and peacefully before 520. BUT if we have an geopolitical event which is like the speech of female president then we’ll see all indexes free falling in global stock markets and we’ll see weighted JPY recovering purchase power value in 2 months. If those happen JPY and DXY both will be preciated but not the EUR. We can see last time when the explosion happened in Belgium airport, EUR was droping. That event had proved EUR is a RISK.
Sakakikunmakio
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Are u sure?
Victor.Y.F
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We're traders, nothing is for sure. A weekly hanging doji provided us an clearly short opportunity.
hikagemono
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Looks like it's about to reverse and head north again.
Victor.Y.F
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North or South, either way, now we have an nice short opportunity.
Victor.Y.F
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Thank you for your likes! 520 is a very risky day. I'm expecting weighted JPY and DXY big rising for RISK OFF. The sky is falling.
stream
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Nuetral is a very good strategy .. no losses lol
stream
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I expect going down to 0.96 .. but not next week , the week after