philipvdlinde
Long

possible ongoing accumulation on fiber by marketmakers

FX:EURUSD   Euro Fx/U.S. Dollar
11 months ago
As you guys might know fiber is consolidating on the daily chart . While this is interesting, it's not too important. The important part is knowing where prices will head for next. And to me it looks like the marketmakers have left behind a clue. I compared fiber to DXY             and I found the following:
snapshot
VS
snapshot

As you can see EUR/USD             made a low on december 7th, and made a higher low on december 17th.
DXY             made a high on december 7th and made a higher high on december 17th. Wouldn't you expect fiber to make a lower low when dxy             makes a higher high? I think that fiber refused to go lower because it's in a marketmaker buying program. Meaning that fiber is under accumulation and that a bullish move may very well occur.

possible bull targets are the following: 1.1186-1.1216 and 1.1322-1. 1343            
11 months ago
Comment: update #1 Expecting prices to drop to around 1.0831 before liftoff, going to enter next week as a buyer
snapshot
11 months ago
Trade closed: target reached: went long at 1.0833 and dragged it out all the way to 1.094.
11 months ago
Comment: *drops mic

Related Ideas

hareth2
11 months ago
EURUSD
Reply
philipvdlinde hareth2
11 months ago
really?
Reply
hareth2
11 months ago
EURUSD
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out