This is incorrect. The market and global risk will push the dollar higher. The fed is cutti g off repo mid january. ECB stated thebother daybit will push for mass liquidity into its economy and our fed said the opposite yesterday. This will go 1.50 just like other times where there were tensions in the middle east.
AfzalAfx
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@IllyrThrace, Could be very well true however I would like to see how price action plays out and the market breaks the current downtrend structure in higher frames, i would be interesting in doing BUYs. I analyse the market on what I currently see and not what based on what future price action. Thank you for your comment though, I appreciate your feedback...
KICKje
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It is still the question what the market is going to do, the "normal" situation should be indeed when the resistance line is reached it will go down, but for me it is always waiting for if it goes down yes or no, often it is not respecting the Resistance or Support lines and I can't figure it out why!
AfzalAfx
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@KICKje we react to market situation and trade accordingly. For the market to go down from our retracement levels we need to watch if buyers do indeed lose steam and if sellers spring back into action.. it is clearly reflected in the candlestick patterns