the similar channel posted before with little more tilted to right. lets see which one will work.
Interesting chart for US dollar bears!!! Draw the parellels to find support resistance.
Hi Traders, here is great idea on this chart of USDJPY. Time to execute it !!!
DXY broke down from the upward channel looking bearish . Near term looking for consolidation and a breakdown!! here is my idea long term on chart.
EURO broke higher against dollar from the channel. broader picture remains bullish. Keep eye on this channels or draw parallels to find support resistances. By the way ITS EXACT OPPOSITE OF DXY because major part of DXY is euro . So you can draw similar channels on DXY too in opposite direction!!!
I am expecting a larger pull back in DXY testing bigger channel.
DXY is looking like flat pattern top. so waiting for confirmation if breaks 0.382 level .
Euro remains bullish heading into ECB with indicators in overbought territory. I am posting long term chart here. Make your own decisions but I am favouring pull back to be bought or break out to test next Fib level 1.1740 or higher 1.18
DXY is at interesting place at strong support. Time to buy dollar? or sideway consolidation will continue. wait and see. Expecting a rebound here.
Though the neckline broke prizes are retesting the right shoulder . Resistance area 1242-1254.
Silver and gold forming head & shoulder. to trade head and shoulder pattern the key is to sell neckline right? Wrong. as you can see the neckline broken but quickly retraces and then trying to reverse. Now the best possible way to trade H&S pattern is to ride on right shoulder to get maximum profit but if you miss and the prize tries to follow the trend then take...
Though many head & shoulder pattern is underway on this chart I see new Right shoulder developing on USDZAR. Lets see How it works!!1
Head & shoulder pattern on daily. USDJPY is testing the 0.618 of the neckline. Look to buy around 111. BOJ this week so its time to buy!!!
Euro Fib levels to watch as the DXY comes to support