US Dollar Index is forming a rising wedge on the daily timeframe. If the swing high at 99.37 is violated, then the index still have further upside potential to hit the upper wedge before it collapses to return to the lower part of the wedge. However, there is possibility of the index being rejected at the swing high also. Finally, if the index violated the lower...
Buy here. Any sensible person (institutions) looking to buy after the last spike up would be waiting for the 200 SMA and a bigger retracement than simply the bottom of that triangle we were in. I certainly was. And now, it's at a more reasonable retracement, backed by the 200SMA, and I'm finally willing to buy after waiting a few agonising months.
It took gold 2 days to overpower the selling pressure at 1520 level and now gunning for the second hurdle located from the current price level to 1547. If the bulls are able to demolish all bears at these levels, then gold is more likely to create another high. With that, the precious metal could be eyeing to equal 2012 high at around 1800...
Was really hoping to take this pair long above the 1.76
But we never got a daily close above it. Now it looks like it could be putting in a potential H&S pattern to go short
But with all the brexit news i dont even think i will be taking the trade.
happy trading people
If the daily candle can close engulfing then i will be going short.
-Still uncertainty over the Dollar strength with the Chinese trade war going on.
-Struggling to break through the 1. level
-Each push towards that level has gotten weaker and weaker.
Lets see how it plays out.
Any questions feel free to comment or message.
There is still an option of the minimum updating (808000) in BTC , but the main variant of developments that we see is a formed correction as
three triples originated from 26/06/2019. Confirmation of our expectations will be the price departure above the 957000-level . As for the local situation the past forecast is staying
There is still an option of the minimum updating (7500) in BTC , but the main variant of developments that we see is a formed correction as
three triples originated from 26/06/2019. Confirmation of our expectations will be the price departure above the 8900-level . As for the local situation the past forecast is staying