Using previous support and resistant levels with Fib.
I find that the previous fib levels fit perfectly with the current high and low with that I am expecting to see the 78.6 level being the rejection zone. So will be shorting at that level.
Based off of the recent support and resistance levels we currently are testing a strong one. Also using the fib with some comparing back test after hitting each low I used the previous retest as my high and each retest ended at 61.8 to 78.6. We shouldn't broke this level but if we do I caution a trend change..
Charts tend to repeat there selves often. With that theory I came up with checking the charts last retest and current retest both fib levels can't reach 50% and fight to push up which results in a crazy momentum buildup aiming toward the downside.Just think I keep hitting a unbreakable wall eventually I need to rest and once that rest occurs the bears won't let...
DXY POSSIBLE GARTLEY .. Currently in the process of creating a bearish gartley. If this is correct we will either this week or the next test the fib level for AB Leg. Let's see if this is going to work. ESPECIALLY with the dollar building momentum each time it test and doesn't break support.
Expecting the DXY to push upward toward 94.89 area and retest the 95 level.
Effecting both Eurusd and Gbpusdo in a bearish momentum.
The news we are expecting may help this idea faster or crush the dollar for the week.