EURUSD revisiting Daily Trendline from 2017 spring looking for a bounce from 1875 - 1885 area
closing my aussie & kiwi/usd shorts here for an expected bounce well done dollar, well done
data pop to first interior tline Possible Wolfe Wave still valid from 9/11 post targeting 93-93.50
be mindful here ... 3 hour tails at DTline test and DXY resistance at 92.00
Struggling a bit with some interior tlines and 3hr 60ma needs to push to orange channel line then break for Wolfe Wave completion in box
KIWI abiding alongside DXY strength with nice Head & Shoulder (blue arc) and testing 1st channel UPTrendline Break will look at larger term UTLine @7200 again
DXY crossing above 91.69 line in the sand and possible creating point 5 of Wolfe Wave setup Targeting boxed area
I draw trendlines and shapes and trade from them. I often find the terminus of triangles to be powerful inflection points. This triangle just happens to term at the RBA Interest Rate announcement.
Point 5 topping out into resistance Target ? New Lows after NFP Friday ?
Wolfe Wave or ABCD short setup with target 7200 WIth DXY touching 2016 lows and bouncing, continued strength can push NZDUSD to 7180-71590 areas
With continued DXY strength from 2016 low test could see AUDUSD break upward channel to sniff out 7800 support
Havent traded USDJPY in quite sometime, playing with the charts tonight, this looks interesting...
Kiwi likely to continue downside trend to retest 7260 support then push to 7200 area to complete downside channel. Shorts entered Friday pm @ 7311 & 7324 I'm new to interacting on social media and have started trading again with a very small account... follow my progress on twitter twitter.com and trade analytics on www.myfxbook.com
Setting up for downside impulse. Losing its support from the blue box range and dropping into an uptrending channel targeting the green circle area of support @ red line and/or bottom side of channel
asskicked USD attempting a pullback here and KIWI up against solid resistance, possible Wolfe Wave, but may be reaching Target 7200
Taking a LONG on the USDCAD, no real pattern here other than beaten up & oversold and finding support @2600 Target 1.2950
Long 2518 on pin bar rejection below descending channel. Target 1.2700
Possible 30 min wolfe wave setup with target 6935-6925 area