Targets

The sands are shifting. Wedge target shown and secondary target above near 1.3750. $EURUSD $DXY $TLT $GLD

Commentaire:

GU did a lot of work at the 200 DMA (pink line) and Month Camarilla Pivot S3 over the last 2 weeks.

It looks to break from a symmetrical wedge with a minimum measured move target of 1.3675. See thepatternsite.com/st.html

My ultimate target is 1.3750. Earlier in April we broke from a 1+ year long tight channel... which my spell more downside in the future but not before rising to possibly retest that channel.