Reasons 1] AB=CD Completion 2] Channel Top 3] Divergence Stops ~ Close above channel Targets - Channel bottom
Comments
lucianfx00
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Also this possible dollar weakness will not be limited to only the CHF, GBP/USD, XAG/USD, XAU/USD, AUD/USD will probably go up.
FxSaint
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That I agree ! I m not monitoring Pound & Silver but others like Gold & Aussie are in my radar for possible bullish moves. I m attaching Gold & Aussie chart if you like to see my idea.
lucianfx00
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Think it will break the channel maybe past oct 15 low.I'm short sl 1.0142 tp 0.951.
Also this movement implies EUR/USD to 1.14 maybe
FxSaint
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Its going have good support at 0.9800-50 zone. How price action behave there will give us clue of further action.
lucianfx00
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Yes ... it might bounce back a bit there but hopefully not higher then my sl :)