Potential 2.5:1 Long

XXXUSD currencies obeying NOV - DEC 15 Year seasonality very well. EUR Seasonality $DXY $GLD $GBPUSD $TLT

Kommentera:

Check EU seasonality: www.mrci.com/client/spmarket/eud.php

15 year seasonality shows profile bottom near November 10 - 15, exactly what we have here. Next relative top is near December 4.

Kommentera:

I like the volume near the 2018 bottom, however the tricky part will be the underside of the LARGE H/S neckline that spans 2017-2018. This is the fat white descending line. We tested this a few weeks ago and immediately rejected.

Kommentera:

Wait for the stop. No position until price rises to the neckline of the H/S structure.