dont take a short position unless break pink line... rest of details re on the chart
as you see, rising wedge ( that so stable) is coming to end.. pay attention for up line of wedge.. we re seeking reverse candle there .. ( 1.3780-3808)... if reversal candle shows there, falling gonna start and its targets re 1.3706 and 1.3635 (solid support)
it s broken its downtrend channel and now re tested twice 38.2 fibo... handle cup may occur In the next few days
keep watching carefully breakout of yellow zone...
We re waiting to price between 6.30 - 5.80
when it s out of yellow zone ,take a position short.. target zone 103.40 - 103.30
yellow zone short trade entry point.. price rejected that zone and go down 1.2155
as you see.. ordinary channel and handle cup .. sharply upward trend s waiting to start
faithfull lines ..now correction to 154.90. and then we gonna watch carefully for power of down line
rising line held it and pattern arrived to its target.. now I m expecting impulse towards 35.30
yellow circle zone is reasonable purchase point.. its target gonna be 4.10
I ve shared recently about dxy's falling below 90.. pattern may occur there.. All details re on the chart...
yellow zone and black falling line are crossing ... there is trade opportunity for SHORT.... most important zone between pink line and yellow ..if price drops below pink line again, huge falling will begin
1st target is 103.92 ..all details re on the chart
double hill and rising wedge.... especcially lines of wedge re so important to trade