Eurodollar is on serious resistance level. Big money on CFTC increase short positions.
Sell after breaks out below the bottom trend line
Level 50% fibonacchi don't work. 61,8 - must have!
Yesterday, a decision was made on the interest rate. The rate has not changed. As a result, the triangle is transformed into a XABCD pattern.
If we look at the oil chart for 30 years, we will see that we are in the phase of a long-term correction, the purpose of which is in the region of 11+. I present to your attention a possible scenario of the movement of the instrument.
Months chart of EURUSD looks like Wedge Reversing pattern.
April expiration is finish. On new may-june contracts we finish the three drive pattern and head&shoulders pattern.
EUR/USD go to april option expiration. Nonfarm Payroll coming soon
USDCAD move on uptrend channel and in symmetrical triangle. Stochastic < 80.
Finish ABCD after correction. 1.07 is balance line of April option contract.