DXY topping? If not, expect violent UpThrust to plotted Zonesu
Updated
As you know, USD has been super strong for quite a while now.
Currently looks like it might be topping (at least temporarily).
Break of this resistance could result in a violent thrust above.
DXY is heavily weighted towards the Euro, then Pound.
Brexit will of course effect everything including this index.
Trade Wars are another driving force (needless to say).
Many of the xxx/USD pairs look to be bottoming.
I expect at least a "dead-cat" bounce in such pairs.
If this is indeed the "top" for DXY, long the above.
.
See some of my other Forex calls below.
I also plot Crypto and some Stocks, check my Profile Page.
XAU.USD long to short setup (recent perfect entries)
USD.JPY short to long setup (recent perfect entries)
EUR.USD long term Top call (the very tippy-top a year ago)
AUD.USD long term Short call (almost at a long term target now)
Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
Currently looks like it might be topping (at least temporarily).
Break of this resistance could result in a violent thrust above.
DXY is heavily weighted towards the Euro, then Pound.
Brexit will of course effect everything including this index.
Trade Wars are another driving force (needless to say).
Many of the xxx/USD pairs look to be bottoming.
I expect at least a "dead-cat" bounce in such pairs.
If this is indeed the "top" for DXY, long the above.
.
See some of my other Forex calls below.
I also plot Crypto and some Stocks, check my Profile Page.
XAU.USD long to short setup (recent perfect entries)
USD.JPY short to long setup (recent perfect entries)
EUR.USD long term Top call (the very tippy-top a year ago)
AUD.USD long term Short call (almost at a long term target now)
Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
Note
now *that* , Ladies and Gentlemen, was an "Up Thrust" .
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