Dear Friends,
How I see it:
1) The prevailing Higher TF trend bias is bullish, without a doubt.
2) Politically, fundamentally, technically the $ is a bull in a China shop.
3) BOJ will have to hike the Yen in this coming week which
could force the $ to correct to an extend that is yet to be seen.
What makes this pair unique is the Political & Monetary uncertainty:
1) Canadian election year
2) US Taxation
Taking all of this in consideration:
A double fake out at the bottom on such a big range could potentially signal a reversal.
Thus meaning, my initial thesis can be wrong.
Should the breakout above the range hold, obviously "LONG" is the answer.
Or
Should this breakout above range actually test and re-enter the range
and fall back to FMV (fair market value)
It only means that the market is expanding even bigger,
and we'll have to take it from there then.
I deeply appreciate you taking the time to study my analysis and point of view.
How I see it:
1) The prevailing Higher TF trend bias is bullish, without a doubt.
2) Politically, fundamentally, technically the $ is a bull in a China shop.
3) BOJ will have to hike the Yen in this coming week which
could force the $ to correct to an extend that is yet to be seen.
What makes this pair unique is the Political & Monetary uncertainty:
1) Canadian election year
2) US Taxation
Taking all of this in consideration:
A double fake out at the bottom on such a big range could potentially signal a reversal.
Thus meaning, my initial thesis can be wrong.
Should the breakout above the range hold, obviously "LONG" is the answer.
Or
Should this breakout above range actually test and re-enter the range
and fall back to FMV (fair market value)
It only means that the market is expanding even bigger,
and we'll have to take it from there then.
I deeply appreciate you taking the time to study my analysis and point of view.
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.