1. As you can see - a very beautiful pattern with a clear neckline and solid resistance.
2. The descending weekly trend line is overhead, this further supports the possibility of a decline.
3. The rising weekly trend line is in the range that the size of the pattern can reach.
4. When DXY corrects down to its trend line (or so I believe) - this will give the pound an opportunity to test its daily trend lines - from below.
If the pattern is not broken, it can go down to its trend line, in full synchronization with the DXY
(Hopefully I'm not a prisoner of the concept I have about the DXY, because it works "according to the book")
* Since the pattern has not yet been confirmed, if DXY really changes direction - I intend to look long until the trend lines reset
** Always(!) - first of all look for the manipulation before the real movement.
2. The descending weekly trend line is overhead, this further supports the possibility of a decline.
3. The rising weekly trend line is in the range that the size of the pattern can reach.
4. When DXY corrects down to its trend line (or so I believe) - this will give the pound an opportunity to test its daily trend lines - from below.
If the pattern is not broken, it can go down to its trend line, in full synchronization with the DXY
(Hopefully I'm not a prisoner of the concept I have about the DXY, because it works "according to the book")
* Since the pattern has not yet been confirmed, if DXY really changes direction - I intend to look long until the trend lines reset
** Always(!) - first of all look for the manipulation before the real movement.
Nota
for now - it is going exactly like the plan, and started to go down.I'm not sure its the right time to short, it is still in a strong position.
looking for another way to conform entry
Nota
A very nice wedge has formed, and I think it could be a good trigger to an entry pointNota
broke the wedge and diving.. for now
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.