Dominant trend is long, almost finished with a small correction to potentially 1.83 at the deepest which would make a clear double bottom on the lower time frames, and ready to move towards 1.85 afterwords.
No news to really worry about until Thursday and Friday and so it appears price action is almost ready for a quick pull back to the .5 to .618 fib retracement and then down to the .618 fib extension. Additionally, there is still some room left to potentially bounce from the 200 MA so we may see a little more downside before pulling back to 1.252 area. Also...
EU is still within its downward sloping channel. However, EU has slowly been inching its way through each fibonacci level and has been fairly stable upward slope and at maintaining each level as it breaks through. The last two attempts it has made to break the 1.107 area has failed TWICE and it is mainly due to the 200 Moving average on the 4H chart. Even though...
Bullish on weekly and daily charts. Brexit news. Trending upward within the channel. Bullish pin candle 9/5/2019 on daily, bounce from 200 MA as support on 4H. First TP 1.83385
Still short bias, can perhaps long until red area but better if you can wait for reversal signal to short. Could also be the case that price action can reverse from 50 EMA also.
Support is now resistance, and also 100 ema is now resistance with price action ready to break below the 50 ema.
DXY Bullish on 4H, Pin rejection on Daily and 4H. Lower high from the previous LH. Conforming to trend channel. TP 1.093
Brexit news. DXY expected to move to the downside to at least 97.5 range. 50 MA support. Approaching 200 ma resistance. This is considered a retrace unless we see further evidence of a reversal. TP 1.268
Big rejection on support area, looks like still holding and back inside the range... Its kind of early and could have some surprises during London open but most likely a retracement. Retest 1.108 first TP then, Retest 1.11 for second TP. If price action creates a lower low at this point then most likely support would be resistance and there would be a...
Waiting for a breakdown but looks like a good setup for a short nonetheless if a breakdown past the inside bar occurs at any moment. Possible 100-200 pips.
Long confirmed TP 1.128-1.130. Second TP 1.133 area.