A nice view of the last run up and ongoing fall back down
As the dollar continues this channel pattern guided by structure left on its way up; the next move should be a push from around 101.3 - followed by a rejection at 103.5.
A move down from that area should be enough to drive back to 100.
Structure and the -0.786 Fibonacci extension line up nicely through this run providing good confirmation as a respected trend peak.
If following a similar five wave pattern as we did upwards - then we have one more leg down before the channel is broken with its 5th move.
Below 99.50, we may begin something not (yet) as predictable.
And of course, there's also the possibility that what we think is predictable...is not
Happy trading - stay agile
As the dollar continues this channel pattern guided by structure left on its way up; the next move should be a push from around 101.3 - followed by a rejection at 103.5.
A move down from that area should be enough to drive back to 100.
Structure and the -0.786 Fibonacci extension line up nicely through this run providing good confirmation as a respected trend peak.
If following a similar five wave pattern as we did upwards - then we have one more leg down before the channel is broken with its 5th move.
Below 99.50, we may begin something not (yet) as predictable.
And of course, there's also the possibility that what we think is predictable...is not
Happy trading - stay agile
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.