DXY. Reversal zone would confirm the Head & Shoulders pattern

An eventual H&S Pattern may be forming at the US Dollar index. If price gets stuck in a 102-103 area, for me it would be a perfect place to open shorts, targeting 96 zone.

Last CFTC report shows Retail traders have bought from the Large Specs while Commercials have increased their position. Normally, that happens when trend is exhausted and ready for a correction. The Open Interest also went down which means the amount of money placed on the market have been reduced.

More details here:http://oi63.tinypic.com/2vdmckm.jpg

I´ve already shorted GBP and EUR last week and will increase my position on the closest support level. But as soon as we pass DXY 102 mark, I´ll pay a lot of attention on how the market behaves to decide if I keep on with longs and this idea is not valid or join shorts on USD.

הערה:

Head set. Breakout level is 99.45 Time to bounce?

הערה:

EURUSD, very similar pattern on 1H

הערה:

Now it may want to correct a bit before getting to 103

הערה:

And a Bat pattern now. Just choose a good point to go long!

הערה:

Still cooking....

הערה:

ABCD pattern of which we haven´t even hit the TP1 at 38.2%. Notice today´s (03.03.2017) reversal candle. It may have finally turned down

הערה:

And we are still waiting to see how this will be resolved... Been there since December last year

עסקה סגורה: היעד הושג:

It FINALLY happened!