I went short prematurely @ 94.27. Impatient.
I calculated a fib ext based on EW @ 94.6. Taken out.
This calls for revenge. I then apply what I know. Gann level calculations. DXY likes 72 degrees. That also means she will probably also react to half of that, 36. 36 degrees measured from bottom is where I try my final short.
Final entry - look at chart. TP - look at chart. SL - look at chart.
I calculated a fib ext based on EW @ 94.6. Taken out.
This calls for revenge. I then apply what I know. Gann level calculations. DXY likes 72 degrees. That also means she will probably also react to half of that, 36. 36 degrees measured from bottom is where I try my final short.
Final entry - look at chart. TP - look at chart. SL - look at chart.
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Alternative consequence will be this scenario:
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Where we also find the 23 Fib level
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But, dont let this concern you in gold!
Lost souls will tell you that gold must go down in this event!!
96.X is the 23.6 Fib retrace, right?
Lets take a look at last years high in XAUUSD. What was DXY then? Wow! Above 96.3. Myth crushed :)
Lost souls will tell you that gold must go down in this event!!
96.X is the 23.6 Fib retrace, right?
Lets take a look at last years high in XAUUSD. What was DXY then? Wow! Above 96.3. Myth crushed :)
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Ps: I only close position with 1hr close candle above 95.11.
Observe 1.15611 in EURUSD for reversal
Observe 1.15611 in EURUSD for reversal
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Even my neighbours' sisters old hamster is trading short the HS pattern. Let's see if the obvious is rewarded or not ;)
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94.87 still resistance for price. Let's see if it is respected or it want the 96.X level.