The daily candle forming up rejected off a zone I was watching. To keep moving up on this run, price would have had to breakthrough and then clear this zone. However, I am still bullish, looking at the long-term weekly trend and a final target around 1.43. Looking for a re-entry in the zones indicated. SL also is noted. Of interest is a S/R line on the Stoch which may indicate the bounce and is turning up. I am hoping for an entry under 1.38 in the next couple of days before another big step up. Looking for an eventual B/R of 1.39901 this week or next to confirm trend continuation.
Trade fermée manuellement:
Have had a better time with this one so far than my USDCAD call, though the USDCAD call is newer, and may still play out. DXY appears to be getting flagged up for a pump, which could lead to a break down from or push through the weekly trend line. Over the past four days or so, this call has played out almost perfectly.
Commentaire:
Those momentum bounces have played out as expected on the Stoch.
Those momentum bounces have played out as expected on the Stoch.
Commentaire:
Exactly two weeks after the call, the anticipated breakout:
Commentaire:
Looks like the break down from the last distribution also nixed the weekly trend here, too. Time to reassess what the bears are doing!
Will assess DXY before the new week starts.