very explosive buy moved i called on my last publish of this pair. im predicting a slow down , correction or reversal. hedge the buy with a sell here. or take profits in buy and sell with risk.
very powerful location price has arrived at. frequency trendline, 61% fork line, past upper bound, another fork line touch. nice looking sell spot in risk off environment
nice turning zone for reversal or correction. its a nice deep or long correction from up here. then buys later after 3 waves minimum
i have a larger fork on weekly on this and cadchf that showing this could go very far. i cant imagine more downside while everything is extremely over sold. it could mean momentum to downside but could be near the start of a major reversal.
the last buy zone worked perfectly. i posted that zone here. im hoping for a continuation buy from technicals, jpys usally go to 78% area but i marked 61% of the last buy. seems appropriate with multiple support lines grossing that area. im aware og dxy showing risk off it also reacted perfectly from the buyzone i posted in dxy. both of these been perfect so im...
i see a bearish kicking candle formation in dxy which is weakest pair in market right now. eur is like strongest so i personally trust this candle setup in dxy to continue dropping . this also goes right with my other technical views. definitely time to be in trades.
i took this after dxy post, im at breakeven and hopefully it will go up until thursday. nice zone that dxy should enter into to reverse eu for about a month then another up move before big drop. just looking left in dxy to how the other retracement behaved. it dropped 4 red candles then big bullish candle then dropped under low for complete correction then shot...
at a technical glance it can travel this way. hit trendline and bounce then come back to monthly 50% for second correction leg then huge buy.
i see at least 200 pip fall coming, may bounce from lows anything under low is extra
nzdchf sell idea. simple downtrend sell idea, everything is extremely bearish, correction looks to be done so the pips should follow.