I suppose now EU in 4th pocket correction wave down, before blow UP 5th wave.
Be careful EU can make correction down about 1.0680 before go UP
Deep correction UP about 1.0750, before fall down
Do not buy EU before breakout of trendline, bcze need wait breakout for LONG. So, I think continue consolidation between 1.05 - 1.07 That's why short position is more preferably. I recomment short as scalping with SL higher than 1.07
If you look on daily chart of GOLD you will see breakout of lower trendline, then serious move down, so I think we've got signal of turn trend. I think sell from 1260 (resistance of the local flat) is good and safe idea.
Take a look on daily chart my friends, and you will see breakout of lower trendline, so I suppose that UP trend is over and we've got turn of the trend. Based on this I reccomend looking for SELL from (1.10 - 1.1050)
Go DOWN, correction to 61.80% fibo leve = 0.8695 then go UP to 161.80 fibo level = 0.8960
DXY at the long term, I suppose that target is a middle of the channel 97
Ok guys, I think that I've got something I need to say. First of all we've got breakout of daily flat on cable, I dont think that is a fake breakout so we can try to make a correction fibo to see the end of correction wave, that is 61.80% of correction fibo = 1.2850 something like that or higher, after that if we make a target fibo on trend we can see target...
I suppose, that at the long term we can see continue of the flat formation, so I propose to adhere to trading strategies in flat (buy at support area, and sell at resistance area)
Listen up guys, I've got something I need to say, anyway I suppose that DXY need to kiss the middle of the channel on news "Fed Interest Rate Decision", so EU and GU can make SPIKE down, and after that go UP
It looks like elliott 5 waves, 1-2-3 done, waiting 4-correction wave and 5-trend wave UP.
I suppose before we go UP at the long term on DXY, we need to wait retest 94.50 area as support(lower trendline support on daily chart) on hot news as retest, I think it will be KNIFE or SPIKE down, then price go UP at the long term