USDOLLAR Possible wayin my analysis, USDOLLAR going to retracement in 61.8 and will continue to make make bearish.
USDOLLAR trade ideas
Scenario Two - Dollar WeaknessHeres our second scenario for the dollar over the next few months, our first scenario showed possible strength with the dollar whereas this is showing weakness, if this trend-line breaks there will be confluence to start selling the dollar, we have a long-term head and shoulders pattern that looks like it could start to form, and we would also have a trend-line break and retracement. First target will be the neckline of the head and shoulders pattern, we'll have to see what price action shows around there as there could be more opportunity to sell the dollar if support doesnt hold and then turns into resistance.
Scenario One - Dollar StrengthHeres scenario one of two, which could bring more dollar strength over the next few months, we have a strong trend line and recent resistance that didn't manage to hold, this could now be the area to start buying the dollar if it holds and makes a new support zone. Make sure you check out scenario two which shows a setup for dollar weakness
$$$ USDOLLAR $$$ - SELL OPPORTUNITYHello All,
Im looking for short opportunity in USDOLLAR. SELL ENTRY @ 12340 SL @ 123408 TP @ 12210
Stop Loss = 68 pips
Take Profit = 130 pips
NOTE: FEDS YELLEN SPEECH ON TUESDAY
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HAPPY PIPPING!!!
What to do in a choppy market? Sell the top and buy the break!my projection tells me that USDOLLAR has room to continue down this channel until 12050, in the mean time we can sell the top of the channel with a stop outside of it or wait for a break out and buy it!
nevertheless, this is a correction move in a larger trend in the long term, use good money management and do not revenge trade!
Please also checkout my blog at wolfradar.com for analysis and education articles!
Peace!
USDOLLAR LongUSDOLLAR is still correcting. However, major support zone are coming. Let wait to see it this support zone is holding (double bottom, top trend line breakout). Then wait for pullback and go long.
N.B. Remember that this could be the last impulse of a long terme 5 waves cycle which could trigger a massive USD sell off.
Entry: 12525
Stop: 12160
Target: TBD
