- DXY has been holding on support (3times it has held this support) - ABC Wave for bullish BC wave to complete now.
Head and shoulder completed and retest on neckline has just happened to continues the drop 61.8 retracement level.
-JPY Bulls coming in -morning star reversal pttern formed and we have bullish momentum -All major resistance levels have been broken.
1) head and shoulders 2)SMA retest 3)bearish engulfing candle reversal candle
1)False breakout trend still bearish 2)Bearish engulfing candle stick formation to confirm bearish momentum. 3)Moving average turning to downside also showing reversal of trend
1) Resistance of Triangle price is moving in 2)USD Strength confirmed to correlate with drop of GBPUSD
- 5wave bullish move -We on final wave of bullish run. all dollar pairs are bullish dollar
-Dollar Strength coming at zone -Key Support Pivots level (monthly and Weekly) -Supply and demand zone (price action)
We predicting Strong Dollar coming so with this said we have been looking for buy areas Price has been reacting on the Moving average consistently retesting now to push up
Elliots Wave impulse count of 5 waves We are currently starting final wave after the 61.8% retracement of wave 4 Dollar strength expect long term
*Retest of Moving average that has been consistent with being resistance. *trend line bearish
Dollar Strength = Stock bears 50 % retracement zone also agrees with US30.
Elliot's wave count confirms directs with Moving average serving as resistance for bears. USD strength means stock bearish
*Dollar strength expected therefore correlates with GBPUSD short. *Moving average ,Pivots points and trendline agree on confluence.
1)Dollar index on final Wave of strength and EURUSD on final wave of Weakness 5th Wave. 2) Trend line showing Bearish Momentum. 3)Pivots Points on Resistance Line.
We on Monthly and H4 FIBZONE(50-61.8) which is key reversal areas.
-Retest of Neckline of Head and Shoulders. - Elliot's Wave 5 coming. (bigger time Frame and Smaller Time Frame.)
Monthly Trendline Resistance Area has Been reached. - Monthly Pivots Resistance Area Hit - Weekly Pivot Resistance Area Hit - Daily Pivot Resistance area Hit