The 1 hour low at 6:00 EST managed to hit the 21 period lowest low of the Donchian channel, not shown.
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If it can't hold EU is begging for a double bottom. Near the Year Pivot and Year CAM S3 retest.
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Hanging on to that channel for dear life. I'm only doing 30 pip profit trades at a time beginning end of last week.
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Hmmm... I wonder
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Taking profit before FED... could get a slam down.
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Possible channel backtest for DXY. Also sitting on month pivot here (thick cyan line)
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back in EU long as the high of day just broken.... big DXY wycoff upthrust (fake up move for DXY)..... oh the shanking of dollar bulls lol.
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same wedge from before... probably breaks here
Trade stängt: målet nått
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1.1850.... BANG. Man they teased and teased on this trade but it got there to that Month R3 Pivot. Had a feeling they would try to pull the rug only a few moments after the ECB Rate Decision.
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That channel backtest from the underside was pretty ugly.
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Smacked that May 22 high also at the same time and stopped. Ugly x Ugly
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Whoops those were EUR Futures... is the correction. We are approaching CAM Week S3 now after big Month CAM R3 rejection.
So I believe, yes once more up to 1.185 maybe and then short the stack.