Recent shift in intraday structure suggests that CADJPY could continue to range highs.
Retracement towards 1.13800 - 1.13700 area if H&S pattern is complete.
Current position opened.
Potential outcome, as US dollar bulls took over.
Sorry just realized my mistake, it's DXY short not EURUSD (long). Happy trading and holidays!
Good luck and happy holidays!! :)
Possible entry at 50% Fib Level.
Short of 4 hour trend line?
Potential double top.
Potential double bottom.
EURUSD SHORT ON 4 HOUR.
XAUUSD SHORT IDEA FOR DAILY.
DXY showing possible retracement to 50 - 61.8 fib levels as support awaits to continue uptrend as it makes higher highs and higher lows.
As the dollar rises and the euro slips, its showing clear signs of down trend, as its making lower highs and lower lows . Retracement to the 50 - 61.8 FIb levels is to be expected if its looking to continue to the downside.
