tradingviews

tradingviews

Weekly Channel. Bearish Engulfing pattern target 1.93 strong historic level

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looks like the dollar broke out of this descending TL back in November of 2014 but has not yet retested it. my technical view is it is due a correction/retest then back up to 120 area. weekly symmetrical triangle could be the source of the break to the downside. Only time will tell.

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A lot of respective Trendlines, With China dumping more dollars early september i see another drop then bullish momentum back in.

tradingviews

Looks Live we are in a Leg A corrective Wave.

tradingviews

Have been watching the double top for some months now. Finally the Neckline and Weekly TL has been breached and a retest is in process. This week we see a Bearish Harami in the Retest Area, Targets are based on the height of the double top which is clearly a historic level for this pair.