The price may break out the Daily Bearish Channel (false breakout), then get rejected at a major resistance level (0.67645), to head down to the fib level 0618. I expect the price to rise from the fib level to make a new high. www.tradingview.com
This is my DXY outlook for the upcoming week for now. www.tradingview.com
The overall trend is bearish, however, the market will move upward (forming head and shoulders) before heading for the downside. I will add more explanation/details later; this was just on the fly.
Using the fib retracement, there is a Sell opportunity at 0.618 level. A possible 120 pips.
FX:EURUSD A possible scenario where the price could break out to the upside and then move to the downside, respecting the overall bearish trend after all due to the US $ dominance currently in the market. Please let me your thoughts. Thanks! www.tradingview.com
www.tradingview.com Price will probably react at the median of the Shiff Pitchfork and then move to the downside.
www.tradingview.com if we break through the ending diagonal's resistance level, I will consider entering a long trade. I finally entered a buy trade from: 1.0703. TP1: 1.07540, TP2: 1.08100, TP3: 1.08650, TP4: 1.09230, TP5: 1.10120. SL: 1.06400