Central Bank tricks in the currency war.. Though they've ruined the H&S pattern - most probably too many traders were trading it - I still think this is one of those trend line breaks and breakouts which is not going to work.
Why ? The water is wet, the grass is green. The intermediate cycle is not finished yet.
The H&S pattern is invalidated : so I'm going to clear the target price counted from the pattern.
Waiting for the tag of the 200 EMA.
SHORT follow through.
Why ? The water is wet, the grass is green. The intermediate cycle is not finished yet.
The H&S pattern is invalidated : so I'm going to clear the target price counted from the pattern.
Waiting for the tag of the 200 EMA.
SHORT follow through.
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Banks want us to see this. Clear long:
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Sorry wrong chart.
Again:
Again:
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And in the meanwhile they are watching this chart:
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I would like to see the impact of the Black Friday 5 billion $ sale on the US Dollar.
And FOMC is at the next corner.
And FOMC is at the next corner.
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This must be the right channel.
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I'm anticipating a false breakout here.