dxy too oversold now. (even though its still bearish)
high probability of bounce. lets wait for signal.
high probability of bounce. lets wait for signal.
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Disliked{quote} But as usually ata, There are still too much people thinking on shorting... Wait till all bear replenished then it will go bearIgnored
DislikedMy crystal ball tells me the pair is about to drill its way up frenetically, till it reaches 1.154x levels. Other than that, I am sideways for today. I do not feel comfortable trading these current levels at all.Ignored
DislikedAccording to monthly trend lines, next stop is maybe 1.1{image}{image}{image}Ignored
Disliked{quote} I would actually draw the resistance line a bit higher, because the way you drew it you cross several candle bodies. If you adjust this the resistance is rather in the area 1.159 - 1.17 so it has not yet been reached. This resistance will probably trigger a correction, but there is no reason to go back to 1.10 after it fought out 4 monthly hammers and decided to go up...Ignored
DislikedHi Guys, Just something to bear in mind. Here's the thing for me. We've had 3 weeks of bull strength. I do see reason for a correction at some point, as mentioned in my previous post. We are currently testing my daily pivot at 1.14328 and a 4hr close below could send this pair back down some more. My weekly pivot at 1.13983 which acts as a magnet likes to be tested. There is more reason, since 1.1450 was tested for the round number at 1.1400 to be retested. I would not be surprised if price is dropped down to my weekly support 1 at 1.13446 for a...Ignored