TL breakout + retest - page 12
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thanks for answer.
Wish tat helps. But EU and UJ H&S formation still turning out good right now. (H1 tf). Now juz see whether will it hit the TP (height of HEAD) of not.
USDCAD + 2nd retest
mphpopular - Thank You :-)
USDCAD 2nd retest... -> sell
mphpopular - Thank You :-) USDCAD 2nd retest... -> sell
USDCAD the weekly chart, will it closed below the TL? Today is Friday, put eye on it.
EU bull FLAG
We know history repeat as a TA.
But is it this two look alike? Is it the EURAUD is a bump and run as well?
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Part 1
On list right now
Part 2
Check the US dollar INDEX. It worth a look. Priceless
EU reversal
Hi mphpopular,
it looks like an double bottom up could be forming on the EU 1 & 4 h.
About the dollar index, here's an quote from my broker(stocks) newsletter: "Not long after Lehman failed last September, we argued that the dollar was proving to be a “parking lot” for investors as they put their cash in US T-bills and waited for the surge in risk aversion to blow over.
There’s no maximum capacity but, the more this parking lot fills up, the more the dollar could fall when it eventually empties out. One reason for this view is that longer-term capital flows into the US have been poor since before Lehman’s bankruptcy."
So there is also fundamentals that dollar could weaken a lot in 2009
This is an great thread mphpopular, keep it up
On list now.