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- BobaFett74 replied 30 hr ago
On the 15M chart, looking like a setup for an IH&S pattern, or a larger drop.
- BobaFett74 replied 47 hr ago
The flip side to that, is this downward move may not be done. Even if 1.0720 seems to be a strong support zone. We are coming out of a diamond pattern. Diamond patterns usually come in from a direction and leave the same way they came. In this case, ...
- BobaFett74 replied Jun 13, 2024
We're going to double bottom at 1.07810 and then bulls are taking the day from there.
- BobaFett74 replied Jun 11, 2024
I feel that. I was going against my trading strategy for about a week and it cost me a little bit on my main fund. Back to being disciplined and waiting for the signals that I use.
- BobaFett74 replied Jun 11, 2024
Simply beautiful. Picked apart the divergences (almost all timeframes 4H and lower), looked at DXY to confirm. Got in at the bottom.
- BobaFett74 replied Jun 7, 2024
Next target on this run: 1.07885. Then probably a rather sizeable retracement, followed by 1.073ish?
- BobaFett74 replied Jun 7, 2024
Good...bring your paddles and epi and go to work!!!
- BobaFett74 replied Jun 7, 2024
The bulls are bleeding badly...someone get them a med kit!
- BobaFett74 replied Jun 7, 2024
Not a real strong retracement. Is this just the first leg of a larger correction? We have less than a 20% Fib retracement at this point which could indicate further downward movement. Potential preliminary stop with a secondary correction? If you've ...
- BobaFett74 replied Jun 6, 2024
It's been a great day to scalp on the 1M chart. Everything else is garbage.
- BobaFett74 replied Jun 4, 2024
That will create a very nice bearish bat pattern. I like your take.
- BobaFett74 replied May 31, 2024
Fib retracement complete. Commence operation drop like a brick???
- BobaFett74 replied May 30, 2024
Some support...a lot of resistance. I think we'll spike to around 1.825 (or 1.83ish) at news, then hit the wall hard and slide down it.
- BobaFett74 replied May 29, 2024
This! Usually goes in and comes out from the same direction on the higher time frames.
- BobaFett74 replied May 29, 2024
Probably going to bounce soon....hitting 1.082 area before continuing down. No real analysis there. Market over sold...if the move is to continue down a bit, the market will need a short correction.
- BobaFett74 replied May 29, 2024
Depends on where you are marking your correction from. I'm marking mine from the initial bottom back in early April (1.06ish), and using the top in mid May (1.0895). The fib ratio is still 30 pips to the down side. I'm targeting 1.0785 as a full ...
- BobaFett74 replied May 22, 2024
At the moment, I am seeing the larger candles moving down, and the smaller candles moving up. To play devil's advocate to my own logic, we are having bearish movement in a bullish market, so I'm cautious because the bulls have won the last month. ...
- BobaFett74 replied May 22, 2024
There are some strong divergences at the moment. Seems like a slight pullback may happen.
- BobaFett74 replied May 21, 2024
It doesn't mean that the end result won't be the same. I'm with you in thinking that USDX will kiss the 104.1 level before bouncing strong.
- BobaFett74 replied May 20, 2024
USDX seems to have temporarily broken structure after meeting its latest support zone. We'll see if this is temporary or if a reversal is in order.