Failed Breakout

No explanation required. $DXY $TLT $S6_F $USDJPY $EURUSD

Comment:

Minimum target is the 38.2% retracement which happens to be very close to the 2017 close of 0.9744.

Comment:

Previous UCHF Short to Year Pivot

Comment:

200 D and 200 W SMA in the same area as the 38.2% retracement.

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Hanging around that ascending cyan channel midline toward the end of the day today... We may crawl up it then dive more but I am holding onto this trade until 9750.
My stop is placed at the recent high on Friday.

Comment:

Added a little more short

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Channel finally broken today. CHF is very strong against USD this week right away. 2017 close target remains.

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Still holding onto this baby. I have about 8 lots at this point short with an average price near 1.0000. Targets remain.

If EURUSD chooses to go higher, this is the prime target for shorts.

Comment:

I will close half at 0.9835 at the year pivot (thick cyan line in main chart window).

Trade closed: target reached:

Dumped half position.

Comment:

The 2017 close is the target @ 0.9750.

Comment:

First profit point was about 170 pips. Nice day. Took forever though.

Comment:

Moved stop down to today's high @ 0.9810. We are at a cluster of support here near the 2017 close of 0.9745.

Trade closed: target reached:

All out on second half + 250 pips about. Finally done babysitting this thing.