Possible 200+ Pip Long

The recent capitulation looks like a false breakdown on heavy volume. $DXY $GLD $GDX

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See previous short.

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Inverse H/S measured move target calc: thepatternsite.com/hsb.html

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First profit point at 1.1685 at the Weekly CAM R3 and Month pivot. On deck.

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Closed 1/3 @ 1.1685.

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94.00- 94.10 seems to be a likely DXY target. We busted the rising channel today

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Could see a throwback to retest the inverse H/S neckline near 1.1635. Happens about half the time for these types of pattern trades. We'll see.

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Next stage in this trade as it unfolds... plenty of positions to take along the way! I am not sure if Camarilla S4 Daily (circled in yellow) holds today after the 4.2% GDP numbers. We may come down to backtest the top of the H/S, which is not uncommon.

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1.1620 is coming on this backtest. Getting ready with some buy limits.

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s3.amazonaws.com/tra...shots/d/DkWwyJvA.png

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Heavy volume here on 15m as the descending (dotted) channel was broken to the downside. This invalidates the impulse idea above. We are now just below the H/S neckline.

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Not liking how far it came down below the neckline. We may go all the way for the daily ATR stop below. Congrats shorts today especially on AUD.

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Started getting in heavier long with this tag on the daily ATR trailing stop. Perfect bounce off that and the 1HR 200 period BBs.

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My initial longs were small and not great, average price is now a little less than 1.1600.

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Wave 3 underway.

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Seasonality underway starting first week of September.
GU Seasonality: imgur.com/a/207mh3Q
EU Seasonality: imgur.com/a/elAU7rA

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Range break this morning, we may finally go the rest of the way to the June high.