After a great 2018 full of learning experiences it is time for a new year, a fresh start, and an opportunity to do better then we have ever done. I hope everyone had a good holiday. As usual my analysis is primarily on the chart, I don't like to type pages and pages of analysis.
I'm bearish on the Dollar as I believe the US Economy is due for a crash within the next 12 months or so. I see a bearish three drives pattern forming on the Weekly Chart.
We just had a Hanging Man + Bullish Engulfing candle form the last two weeks, I believe we should be seeing a bull run up to mid Feb or so.
I believe the 98-100 Level is going to be a challenge for us to break. ( Doesn't mean it won't happen), we have a lot happening at this level.
We have a .707 Fib level lining up with Monthly Resistance AND if price reaches this level it will be completing the Bearish Three Drives as well.
A must for me is to have divergence, currently we have it, if price makes another new high and the oscillators make a lower high, Things will be looking very healthy.
More coming soon.
#Manifest
I'm bearish on the Dollar as I believe the US Economy is due for a crash within the next 12 months or so. I see a bearish three drives pattern forming on the Weekly Chart.
We just had a Hanging Man + Bullish Engulfing candle form the last two weeks, I believe we should be seeing a bull run up to mid Feb or so.
I believe the 98-100 Level is going to be a challenge for us to break. ( Doesn't mean it won't happen), we have a lot happening at this level.
We have a .707 Fib level lining up with Monthly Resistance AND if price reaches this level it will be completing the Bearish Three Drives as well.
A must for me is to have divergence, currently we have it, if price makes another new high and the oscillators make a lower high, Things will be looking very healthy.
More coming soon.
#Manifest
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Each week, I send an email breakdown of the best forex setups, watch zones, and market trends so you can trade with confidence.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.