Caught this at today's low point, looks like it could reverse and follow the ascending channel structure towards the 4h fib extension target, looking for a strong close today (10 sep) ideally >1.2625 which is at the 21 day MA
On the weekly chart, it's possible we could be at the start of the upswing to create the flag bit of the bear flag - as I remain bearish USD over the longer term, this makes some sense imo.
Is cable entering a new super cycle against the dollar?
A Santa rally could be the catalyst for a break higher...
Long trade looks good.
DXY still on the back foot.
Enter on a breakout above the line :)
The other side of the pair...
Giant bear flag with ascending wedge on the year to date daily chart...
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Giant bear flag on the daily JPY basket charts, dollar possibly in descending channel at trendline resistance also.
Bounce looking possible for tight entry...
FTSE looking like a short trade, fade the rise today.
I think it's ready to move higher
Looking like a risk on start to the week
USD/JPY looking like gaining this morning.
Reversal looks likely off the last 1h candle?
See other trade idea for the bearish case, this would be the bullish case - possible inverse H&S pattern on the 4h chart could signal a break back to test the recent highs.
GBP looking vulnerable with DXY strength and Brexit worries...
USD CAD has climbed above the pivot, a rise to challenge the resistance level is therefore likely.