SHORT DOLLAR AT 12169. MAJOR RESISTANCE LEVEL. STOP LOSS JUST ABOVE THAT LEVEL.
There's a possible ended wave 4. So bulls are likely going to deliver wave {iii} of 5
1. Head&Shoulders Pattern 2. ABCD Pattern 3. 3 Drivers Pattern 4. Long Time Head&Shoulders Pattern
There's a possible double zigzag in wave , so it's likely to have a bearish impulse in wave a of (y)
There's a possible ended wave 4. So, when wave ends, bulls are likely going to deliver wave of 5.
There's a possible double zigzag in wave , so it's likely to have wave (y) soon
There's a possible double zigzag in wave , so it's likely to have wave (y) soon
USD is about to gain some strength if it can hold on to the demand zone and trend line and bounce north.
Hey traders! The USD index wave count is indicating upcoming bearish price action. Price is clearly in a triangle pattern and looks to be preceding a bearish continuation toward the completion of minor Wave-C. Might find price bouncing at the completion of a potential gartley patter, a level at which I will take profit. Happy trading, and more updates to come
There's a possible double zigzag in wave , so it's likely to have wave c of (y) soon
There's a possible double zigzag in wave , so we're likely going to have a new local low soon
We've got a zigzag in wave (x), so there's an opportunity to have wave (y) soon.
Not ready to give up on dollar just yet. 250 DMA is the resistance. Hoping to get some upward speed at the edge of the tunnel. It would turn smaller dma's upwards and cross the 250dma. That would be real bullish scenario. Otherwise, if it does not bounce, it is going downwards and hard.
Potential bearish Butterfly in DXY channel.... I'm not sure it will get this high but if it does, we know what to do!! BUY EURUSD & GOLD, SHORT USD in other pairings.... Interstingly on the EURUSD there is a bullish Gartley at 1.117 which should happen at exactly the same time..
In the boring late August and early September, USD was struggling inside the triangle pattern without a clear trend, but it has had an upside breakout today. In next week following FOMC statement and in the near future, USD is highly possible to keep going up and bring more good trading opportunities.
Hi All, There are several important news (US Presidential Election and FED Interest Rates Raise) are waiting by DXY till and of 2016. Depends on the news, DXY could set up new trends for both bullish and bearish side in the channel. 3 lines are important for support and resistance levels with FIBO. 95.25 is the main point. The Index is looking for upside for...
The dollar could still be in correction territory with a bottom target of 89.5, possibly going all the way down to 87.7 if the latter is broken to the downside (blue count). A move above the 97.5 mark instead would invalidate the blue count and confirm that Wave 4 has either already completed and we have resumed the longer term uptrend to 100+, or that we are in...
Wave (i) is likely going to finish soon.