Im not sure how long it's going to stay down there but plan your stop loss accordingly and be patient. Maybe wait for a better entry signal. Just keep an eye on this one
Be patient but I think we're in for a ride with this one.
If you missed the bounce off the trendline, now here is a good entry. TP is set kinda conservative just in case it turns into a head and shoulders and goes the other way.
With the end of the long bullish run in US stockmarkets and the Trump fueled optimism finally winding down. We can continue to see the US dollar make a drop over next year. I outlined my strategy going into next year. Going off historic fib levels. Also hitting major price ceiling. Be patient but I expect it to reverse in this zone (the blue square).
Bearish flag completion? Looking for the drop within the blue zone. See fib lines for reference. Be patient with this one but be ready to scoop at least 1000 pips on this.
Bouncing off 0.618, continuing trend upwards.
Broke consolidation, Going long. setting safe TP at 0.618
Short then long. I don't think it's ready to break out since the triangle is only 50% full. I think we can scalp both ways.
Head and shoulder + Broken trendline on daily. Let's eat good.
Respecting trend. This is going to drop like a rock. Setting TP1 for +100pips and TP2 for the full +250pips.
3 Drives on daily. Making third drive. Long swing trade. TP3 set to +600 pips!