It has been a wild week. Watch for 4HR confirmation. $DXY $TLT $GLD
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Lots of volume in EU futures in this "bottom" area. Still waiting and watching.
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See previous post here... wish I had more patience to listen to my own analysis sometimes
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DXY getting close s3.amazonaws.com/tra...shots/i/I8P6dXoS.png
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And EU... still no new lows while DXY is making new highs. s3.amazonaws.com/tra...shots/g/gsGlIpiz.png
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First profit target near white trendline if this keeps up. Thanks Trump. I usually like to fade Trump related news but this seems real off very oversold levels.
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Trump responsible for this volatility at about 1:00 PM EST and 70 pip EU move: www.cnbc.com/2018/07...-interest-rate-.html
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Big pin candle today in futures on volume. Watch for the high to be broken to go long.
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Well not pin, but long legged doji.
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My thoughts on EU until we break the 2018 low again.
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Had additional buy stop on the high of yesterday's candle. Because it was so large and at key levels on pivots. trendlines, and just plain oversold that doji was VERY important to trigger big longs today.
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1.1750 Initial target to 21 Day Highest close shown in main chart.
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Price reversed precisely at 1.1750... not a good sign for bulls unless we keep going, circled on the yellow channel.
Find the edge.
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Website: www.daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: www.youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: www.paypal.me/mortdiggiddy