Technically: - ABC correctin with maximum ext 1.618 ~151.60 - 0.618 of last big downward swing - Maximum extension for this corrective structure - bearish butterfly pattern Entry: 151.550-151.65 Trade reponsibly.
Technically USDOLLAR should finish ABC corrective structure anytime now (this week)... Technically: - ABC correction - Major SR zone - Long term trendline (6 years) - Bullish divergence ongoing (Switch to Weekly chart-divergence on weekly/monthly chart ) Target profits on chart. Entry: 11660-11730 Trade responsibly.
We caught a very nice long in my previous setup: Looks we are having corrective move after the breakout...price is retesting the broken trendline and 0.618 retracement. There is very good entry area with great R:R ratio. Technically: - 0.618 retr - retest of broken trendline - possible iH&S pattern - important SR zone TPs marked on chart. Trade responsibly.
It looks like Water could get expensive soon...