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Euro / U.S. Dollar

Pitchfork setup

By mortdiggiddy
Updated
May be setting up here for the next leg up. The 1.128 extension bottom is perfect for this type of tool. DXY SPY TLT GLD
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I will update as this trade evolves. So far the base line was already backtested today which is always the first entry point to dip in.
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Keep in mind that May on average sees a bottom in USD based currencies in the middle of the month. However, May is the strongest DXY month of the year.

ig.com/uk/trading-opportunities/seasonal-trends-in-the-forex-market-39690-170905

charts.equityclock.com/euro-forex-fxeur-seasonal-chart
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09/08/2017 close will be the first target, an important close level indeed.
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The blue dashed line.
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snapshot
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At the worst this baby comes all the way down to CAM Year S3 near 1.5000.
snapshot
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Potential butterfly harmonic pattern bottom here, updated.
snapshot
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Updated. Real buying today with a nice hammer bar to finish the close.
snapshot
Pitchforks
mortdiggiddy
Find the edge.

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