philipvdlinde
Long

possible ongoing accumulation on fiber by marketmakers

FX:EURUSD   Euro / U.S. Dollar
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:
VS
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
Comment: update #1 Expecting prices to drop to around 1.0831 before liftoff, going to enter next week as a buyer
Trade closed: target reached: went long at 1.0833 and dragged it out all the way to 1.094.
Comment: *drops mic
EURUSD
Reply
really?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out