for daily and H4 on EU and USD cash - see two diagonal triangles as structure saying a breakout coming. maybe by London open on Wednesday.
UJ is close to finish of irreg. flat correction, if it is then USdJPY may break higher earlier. these triangles seem to become continuation unless at the end of a move. this is not the end of a move. a bigger move up is coming for USD of 30-35 handles in a abc structure.
with every trader in all markets waiting for US Fed to either man up or chicken out again, traders are buying the rumor of stronger USD, if they have to take a trade until data says different. >in my opinion
have read a bit on this thread about big E develops this trading thing in 2008+. So it may not work as well .... and so on. I don't agree. TDI still works in elegant simplicity. What is messed up is the USD with US and its 3rd world debt to GDP ratio and a Fed that keeps pumping until the cows come home, or infinity.
The world's reserve currency is heading for a crashing death. Not soon but eventually ..... maybe by 2025. anyhow, with trillions of growing debt, the USD has only a few believers that still think unlimited debt is no problem. If they raise FedFunds rate, USD will run maybe back to 122-126. And EU could be at .8600 or lower.
But the important thing for traders like me is this, the up trend of USD is obvious and that is what I am biased towards. So any long EUR trade has a very short leash, very short on H4 or daily. If the current sideways correction in USD cash is over, then the bust higher will probably be impressive.
As I guess, the real long term aim of the globalists is 'kill the dollar', and that can only be done from a high or at a new low; easiest is from a high. A break above USD cash at 105 has massive effects on domestic and foreign economies. With any momentum the run higher will continue and so will stocks as money flows out of Euro, cable, yen, yuan into USD liquid assets. Old guys like me have seen this a couple times ..... nothing new under the sun.
So for a couple days the break though 101 needs a set up then the push up. Looking at smaller timeframes is better for me to spot a possible move brewing and then confirm on H1 then H4 then daily. On EU, the big drop bars have become smaller and smaller since October and all within the down triangle. also watching for the fake down then the reverse up.
Lots of pips coming if the break is higher.
Added nov. 30 1:55
failing to hold new highs (or to make new highs) on close tomorrow, opens a real good opportunity to be long a bullish reversal bounce for EU. it is very oversold and a rally could last more than a few days. maybe EU gets 1.0650 first and then 1.0750 for a normal bounce
UJ is close to finish of irreg. flat correction, if it is then USdJPY may break higher earlier. these triangles seem to become continuation unless at the end of a move. this is not the end of a move. a bigger move up is coming for USD of 30-35 handles in a abc structure.
with every trader in all markets waiting for US Fed to either man up or chicken out again, traders are buying the rumor of stronger USD, if they have to take a trade until data says different. >in my opinion
have read a bit on this thread about big E develops this trading thing in 2008+. So it may not work as well .... and so on. I don't agree. TDI still works in elegant simplicity. What is messed up is the USD with US and its 3rd world debt to GDP ratio and a Fed that keeps pumping until the cows come home, or infinity.
The world's reserve currency is heading for a crashing death. Not soon but eventually ..... maybe by 2025. anyhow, with trillions of growing debt, the USD has only a few believers that still think unlimited debt is no problem. If they raise FedFunds rate, USD will run maybe back to 122-126. And EU could be at .8600 or lower.
But the important thing for traders like me is this, the up trend of USD is obvious and that is what I am biased towards. So any long EUR trade has a very short leash, very short on H4 or daily. If the current sideways correction in USD cash is over, then the bust higher will probably be impressive.
As I guess, the real long term aim of the globalists is 'kill the dollar', and that can only be done from a high or at a new low; easiest is from a high. A break above USD cash at 105 has massive effects on domestic and foreign economies. With any momentum the run higher will continue and so will stocks as money flows out of Euro, cable, yen, yuan into USD liquid assets. Old guys like me have seen this a couple times ..... nothing new under the sun.
So for a couple days the break though 101 needs a set up then the push up. Looking at smaller timeframes is better for me to spot a possible move brewing and then confirm on H1 then H4 then daily. On EU, the big drop bars have become smaller and smaller since October and all within the down triangle. also watching for the fake down then the reverse up.
Lots of pips coming if the break is higher.
Added nov. 30 1:55
failing to hold new highs (or to make new highs) on close tomorrow, opens a real good opportunity to be long a bullish reversal bounce for EU. it is very oversold and a rally could last more than a few days. maybe EU gets 1.0650 first and then 1.0750 for a normal bounce
Trading is simply about managing the area between your ears