With a breakout in play on the daily, the formation can advance towards 1.128x and 1.146x extension. The diagram below highlights the attempt shows little defence to transfer the attack on weekly:
Given what we have recognised on the technicals around the principled handicap bears have it makes it possible to construct the Macro chart:
When our opponent possesses a weakening defence it is worthwhile to push into the advance. In this case, after the Macro and Technical diagrams, we must continue to work the buy side with action towards the highlighted targets. As long as we are allowed to continue the grind higher, reassessment is only necessary below 1.110x. The weakness will appear miles in advance if it is the case and we can update the chart as we go.
Here the static weakness of the Dollar can be seen in detail, and in this case bears clearly with the advantage:
Remember when a cross shows static weakness, you should aggressively load against them and not be afraid to double the sizes. Now consider the positioning in the next diagram taken from "Apple in the worm"
Bulls encouraged Bear's hope that he was headed for a momentum break down, which mean exploitation for the macro swing was not all that difficult. Next came:
And now it is important for bulls that the break is tempered into an impulsive swing, the result of which will hold the key to unlocking the targets at 1.128x and 1.146x. Bulls are counting on the strength of the longer term Euro funded currency leg:
The correct march forward for bulls here is over the flank, so 1.197x and 1.125x resistance will be key to track for mid-term swings. On the other side, 1.093x and 1.087x will need to be taken in order to demand reassessment of the core bullish view I have constructed over the past three months. Here the win looks forced:
...Thanks all for keeping the support coming with likes, comments, charts and etc.
Given what we have recognised on the technicals around the principled handicap bears have it makes it possible to construct the Macro chart:
When our opponent possesses a weakening defence it is worthwhile to push into the advance. In this case, after the Macro and Technical diagrams, we must continue to work the buy side with action towards the highlighted targets. As long as we are allowed to continue the grind higher, reassessment is only necessary below 1.110x. The weakness will appear miles in advance if it is the case and we can update the chart as we go.
Here the static weakness of the Dollar can be seen in detail, and in this case bears clearly with the advantage:
Remember when a cross shows static weakness, you should aggressively load against them and not be afraid to double the sizes. Now consider the positioning in the next diagram taken from "Apple in the worm"
Bulls encouraged Bear's hope that he was headed for a momentum break down, which mean exploitation for the macro swing was not all that difficult. Next came:
And now it is important for bulls that the break is tempered into an impulsive swing, the result of which will hold the key to unlocking the targets at 1.128x and 1.146x. Bulls are counting on the strength of the longer term Euro funded currency leg:
The correct march forward for bulls here is over the flank, so 1.197x and 1.125x resistance will be key to track for mid-term swings. On the other side, 1.093x and 1.087x will need to be taken in order to demand reassessment of the core bullish view I have constructed over the past three months. Here the win looks forced:
...Thanks all for keeping the support coming with likes, comments, charts and etc.
