DXY HAS BROKEN ITS 50% LEVEL ON FIB OF THE MAJOR UPTREND CHANNEL, From Backtesting, I Am Safe To Go For A 1:2 But Being A Little Aggressive With A 1:4 As It Is Still 70% Bound To Happen
After Early Entered Sell Trades, Price For DXY Decided To Break Its Major 50% Level On Fib Towards The Downside, As Well As GBPUSD Doing The Opposite Towards The Upside
GU managed to reverse after giving fake breakthrough of 50 on fib which is what made me change my bias from original sell to a buy. Now back to original bias of sell. High risk on this one as the false breakout put account down a little . If trade goes right i will make losses back plus some. Should be looking at sells for the next few months/all of next year if...
For the major downtrend EU has retraced back up to the 50% fib level. it is either going to break above to retest the major downtrend channel or respect the 50 and continue down to the bottom of channel. I Am expecting the downward move since the U.S. dollar is in an uptrend and respecting its 50 fib as well
For the major downtrend EU has retraced back up to the 50% fib level. it is either going to break above to retest the major downtrend channel or respect the 50 and continue down to the bottom of channel. I Am expecting the downward move since the U.S. dollar is in an uptrend and respecting its 50 fib as well
