Comments on the chart. This coiling has been going on for quite a while and the breakout could be explosive.
Kommentera:
more of the same winding today...
Kommentera:
still waiting for an inner breakout on this one. Weakness came in this week but price managed to retain the possibility of an upside breakout.
Kommentera:
I cant believe how long I have been looking for a breakout on this pair. All I see is continuous winding. Another thing is price seems to be clinging to the lower parts of the structure that the upper parts. Not a good sign
Kommentera:
Constructive price action so far this week. Still looking for that breakout to the upside
Kommentera:
Go $ Go...
Kommentera:
This is rather exiting. Price is about to breakout of the extended ranges of the triangle...
Kommentera:
We have breakout. After 24 days of this idea it finally happens with the downside levels intact.
Kommentera:
Price is building on the breakout. Nice clean weekly bullish candle. I am looking for 105 area but as you know there will be some retracements along the way. Already the eurusd is oversold on the daily chart and could retrace a bit...
Kommentera:
All that move down on the intraday DXY charts are but a blip on this weekly updated chart. Price might be ready now to continue upwards
Kommentera:
Some net retracement this week but the whole idea is still intact. Still looking to get to 104 area but will take this one day at a time. It is good to see the euro starting to break down. This helps my idea as it is about 48% of the DXY index
