DOLLAR WEAKNESS!!!
Updated
Sorry guys I used caps to try and capture attention please let me know if it attracts you or pushes you away.
We have a H&S forming with perfect symmetry using fibonnaci.
Move down from 103 to 99 looks impulsive to me
Therefore this move up from 99 to 102 can simply be a corrective pattern to the upside (using momentum indicators to help you with this confirmation)
At minimum im looking for a double bottom.
We have a H&S forming with perfect symmetry using fibonnaci.
Move down from 103 to 99 looks impulsive to me
Therefore this move up from 99 to 102 can simply be a corrective pattern to the upside (using momentum indicators to help you with this confirmation)
At minimum im looking for a double bottom.
Comment
The media and news pundits banking on a rate hike this March.NFP next Friday will be critical if we miss that number this US dollar will come down quickly.
Comment
Draghi is keeping this pattern valid. If it holds we can see serious Dollar Weakness. With an already factored in rate hike and a debt ceiling discussions next week this may be the perfect catalyst for the start of some serious $ weakness.Comment
Looks like Yellen is confirming this technical pattern as well.Comment
Trading this time frame is beautiful, stress free, position size can be small yet returns can be great!
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