LONG TERM VIEW

It is possible we have an expanding triangle in play on monthy timeframe and current structure supports that concept. This is one of scenarios i consider and if 98.00 level falls this is most likely outcome

評論:

評論:

Dxy is tanking, lets see if can find some support on daily trendline.

評論:

評論:

Price has fouund support on trendline and we have hammer candle which indicates futher up move.

評論:

評論:

DXY falls big time..

評論:

評論:

I consider two options at the moment.

Bounce or break of trendline at around 99 level.

評論:

評論:

Still droping without any solid pullback.

I expect lower timeframe correction very soon.

評論:

評論:

Watch price action as we aproaching key level.

評論:

Breakout of correction.

DXY will continue to fall to around 89 level where we might have a reversal.

評論:

評論:

評論:

Total reversal is not confirmed yet despite price has bounced from monthly trendline and broke daily downtrend trendline.

Next critical level is at 95.50 - 95.60 where we should have more clarification.

One more wave down in this bigger structure is possible.

評論:

評論:

We may have the major reversal as price development show signs of inv head and shoulder pattern and pice broke two downtrend trendlines.

評論:

評論:

Breakout

評論:

評論:

Inv head and shoulders invalidated and it looks like price heading to initial target or at least should retest previous low.

評論:

評論:

評論:

Price has fallen lower than expected.

Still expecting reversal as long as lower monthly trendline of channel is not broken.

評論:

評論:

評論:

Price is at a key level and both scenarios are still possible.

We might still have one small drop and big reversal or total fall

評論:

評論:

You may want to take this trade as it might be long-term reversal

評論:

評論:

Possible lower degree expanding flat abc correction and we are going up

評論:

評論:

評論:

評論:

評論:

At this price action indicates we might have major reversal as expected

評論:

評論:

評論:

評論:

評論:

評論:

評論:

Bigger picture

評論:

評論:

評論:

評論:

評論:

評論:

Bigger picture