Hi fellows. I am looking for short with in the channel again. In case price break up and invalidate the channel then i will look for price action under trend line for short. For timed entry please follow me on lower time frame. I will update about the chart once price will be ready to move on. Good Luck.
Komen
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EURUSD, USDCHF and DXY all three forming same pattern formation so if EURUSD will start to turn down than don't miss others to the upside any break of current structure and pattern will give us a signal that it is going to the previous formation of the pattern.
Komen
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DXY.
Komen
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USDCHF,
Komen
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So finally price is not violating the pattern which we were anticipating because of the news event yesterday. We are short on it. Watch top for short.
We are close to the resistance line. 1h timeframe looks like we may touch 1.10000 level. Looking to sell it from there and SL around 1.1020 as it looks like the critical level. What do you think @Wave-Trader
sanglee1
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Hi Wave-Trader, Do you have any update on UK100 in next day?
piptamil
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Thanks mate
AlanTradesFX
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Thank you for the update mate. Already in the sell from the top. But price is going down correctively so one more upside is possible as you mentioned.
Wave-Trader
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@senejani.ali, Yup. As long as price gonna stay in the longer term channel we are short clear break up will change the short idea mate.
Chartist4312
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Looking for the same @Wave-Trader, it will be interesting to see if the down trend can keep up further. The upcoming French election will probably decide.
Mc-Fly
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Wave-Trader
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@Mc-Fly, nice chart mate lets see if DXY breaks down or breaks up this flag.