UPDATE This is the Cypher and the channel we should be looking
In my last DXY forecast I found a Cypher Pattern that is profitable right now. So, returnign to the strategy for this trade, I was expecting this impulse, and right now, I need exactly this candle (blue point) to close above the 100.7. Why? If not, maybe we will have only a double top, something need to be aware of. I will place my stops orders in the USD pairs I´m trading. So, tomorrow is friday, and we will have some correction in the line, because traders want to clean the table for the weekend. I expect first some action in the EU session sending the lines back for tomorrow finishing session near that pink line that can be touching the 100.42 level. Techincally, what I mean is that I expect a Broadening Right Angled and Descending Pg. 45.
Be ready for monday that I expect we will have a fast movement taking us to our first TP1 at the 101 level (one that we already touched before ...... correction, then impulse TP2 101.3. Lets see.
Be ready for monday that I expect we will have a fast movement taking us to our first TP1 at the 101 level (one that we already touched before ...... correction, then impulse TP2 101.3. Lets see.
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