JokesOnMe

JokesOnMe

It's been a long time DXY has seen an engulfing H1 candle got the 50%retrace into the red bar i am taking orders short $ when dxy drops under the engulfing candles FWIW i am a scalper, but could see this turning into a runner

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H1 chart quite self explanatory i guess, target 50-100 pips when leaving the wedge i'll add higher tf chart in a moment Weekly chart shows a pretty good fib fit, inside bars (for now) since 2 weeks risk is a visit to the low lows good trading

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on the daily chart shown i see yesterdays candle as a first impuls off the lows of jan 2016 todays candle is retracing that body atm on 15m tf we have the 200sma and the H1 tf gives us the 50sma around 0,686608 i took a first long just under that sl 15 pips as this is not a set and forget surefire trade whilst draghi is set to speak in 15minutes i will build on...

JokesOnMe

current level corresponds to the left shoulder on the daily and to earlier levels on the left on the H4 timeframe it is right at the 200sma and bouncing off that for now i have a large long here at 0,6584 and will use the 200sma on H4 as judge and jury

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UC has started the month june with a startling descent and is hovering around 1,33777 for a couple of hours now right at longer term Support / Resistance level and the 50% retrace on chart is around 1,33655 i have a long bias here but will cut when it gets below the 50% which could indicate a bigger down move coming first long at 1,33777 risking 15 pips

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weekly chart... adding hourly chart in comments. looking on lower timeframes for entry below the fib line around 137 possible 'catching the knife trade' so starting smaal and looking to build every 25 pips

JokesOnMe Updated 

continued testing.... 50fib level has been tried several times now... long with sl 1$ under that level