


EURUSD: Short sell entry to support, i expect retracement of the most recent sell side wicks to the next significant support below where tp will be had.
XAUUSD: Short sell this pair to retrace sell side wicks down to the nearest significant support level, where the tp will be.
DXY: Long buy entry to resistance, not many large buyside wicks to retrace to help push it along but i believe that level will be tested first fairly soon. goodluck fellas.
AUDUSD: Short sell entry, i expect retracement of sell side wicks down to the nearest significant level, circled on the left.
NZDUSD: Price to this point next week, i expect retracement of the sell side wick to the nearest HTF support level.
This may just be a massive rationalization but let me know what your thoughts are please. I feel that maybe this is a very sideways H&S, with NFP data earlier today price shot higher into a big daily resistance, thus making me feel it will reject and complete this pattern. Unless of course it continues to break ceilings, then we can give the dollar a new name....
Now this may just be a big rationalization but i am curious to know what your guys thoughts are on this possible pattern. With the dollars strong NFP data earlier today extending the price lower, the dollar also hit a large untested resistance on the daily timeframe. i am wondering if this could be a very sideways H&S in the event that the dollar rejects that...