Registered: Oct 2009 Posts: 177
Dollar Index 240-min. close > 76.7 pump it > 77.1 & then 77.3 A daily close > 77.55 = daily trendline + penultimate sub-wave breakout topside. pick your own vehicle, Euro$, Sterling/$ or others for the short. Lead horse could still be Sterling, but Euro/Sterling showing signs of correction, so engine could be Euro$ short.
GBPUSD short 1 L pend 1.5694 stop 1.5847 TP=1.5046 = minm. H&S target. also will add to short @ 200-pd m.a. on 4H = daily H&S neckline @ 1.6200 if we get there.
Registered: Oct 2004 Posts: 7576
Moved to Forex Trading forum. Best of luck.
My dollar Index analysis: positive signs: DSI = 4% dollar bulls now, 6% at the March'08 bottom. More talk of reserve currency status lost = music to my ears $ bullrun actually started March'08, still going strong despite everyone focusing on current crash Fib 78.6% support still available to arrest crash. Macd nice +ve divergence (daily) + Macd trendline breakout already occured Oct 1 just one +ve price bar could hammer the Macd hist. trendline from Jan 21-09 for a breakout topside. Hist. does not lie.
Quote from Ivanovich: Moved to Forex Trading forum. Best of luck. OK. I don't know what I'm doing, I lost the chart - did the browse, got the right one and then, gone.
Quote from Ivanovich: Moved to Forex Trading forum. Best of luck.
Dollar Index daily
