]Bullish Bat
Dollar will soon have a bounce.
Either we see a truncated 5th wave and a 3 drive to a bottom pattern see link below or...
It could also end with a quick spike down and create the Bullish Crab pattern as shown above
and a good 5th wave target.
Fear not ..but belive what you see and trade it.
@BLawrenceM
DOLLAR INDEX H4 TIME FRAME
SYMMETRY TRADE
USD Index will probably fall to 11860 shortly which means I will only be thinking about Long trades in GBPUSD EURUSD AUDUSD NZDUS and Shorts in USDCAD & USDJPY
USD/CHF has broken out of a 25 year falling wedge pattern that began in 1980.
You must purchase high-quality historical data such as eSignal to see past price action on this pair as TradingView only allows day up to 1992 on USD/CHF. The lower trend-line has 4 high quality touches rather than just the two TradingView displays.
When the EUR/CHF peg was removed,...
USD will continue to weaken as the index already going really high. It will meet critical support demand at 11520 before bounce up or continue to bearish. Now i choose to go short
From the effects of QE in the past, I want to prepare for the risk in "QE3-end" in the future.
I understand that Falling Stock-Price and Rising Bonds has occurred after "QE-end".
I want to pay attention to lower interest rates after "QE-end".
However, Stock price rise thereafter.
This is the key?
but..
We are confronted at time of "rate hike", this is...
USD index Possible correction of 5th wave...
All other currency pairs and precious metals should be traded with consideration to this...
Usd index is inversely related to Gold and other precious metals; hence they "generally" move in opposing directions.
USD index has been very bullish past few weeks; and according to elliott waves it is due for a...
"Pivotal" time for the Usd index
Sandwiched between the 50
and 100 ma.
From a harmonic standpoint; it is also
pitted by two opposing "bats" which
are causing such an indecision...
