Weekly
1. Historically extreme COT in trade positioning; the trend usually turns in favor of the dollar on trade position changes.
2. MACD has bullish convergence.
3. The 2021 trend line has been touched at the 61.8% Fibo.
4. Possible formation of an ABC wave 4 triangle. The possible next wave will be a 5 and the target level is 175, the extreme target is 206
Daily and hour timeframe
5. The last movement is a higher high and higher low, this could be a new channel
6. The invalidation level for my arguments is 147.350
What do you think?
1. Historically extreme COT in trade positioning; the trend usually turns in favor of the dollar on trade position changes.
2. MACD has bullish convergence.
3. The 2021 trend line has been touched at the 61.8% Fibo.
4. Possible formation of an ABC wave 4 triangle. The possible next wave will be a 5 and the target level is 175, the extreme target is 206
Daily and hour timeframe
5. The last movement is a higher high and higher low, this could be a new channel
6. The invalidation level for my arguments is 147.350
What do you think?
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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.