My last DXY 0.35% forecast almost made me cry ...... come on X87 do your job. Mistake 1 forecasting 30 min frame Mistake 2 didnt you see the 15 min channel Mistake 3 Market was getting ready for hawkish employment number expected in US....... thats a newbie mistake. Ok, nothing I can do now.
The channel we are transiting is the pink one gross, but be aware that the pink channel in pink also needs to be respected but can be arriving 0.38 fibo retacement.
So for the DXY 0.35% what I see is impulse up to 100.25, retracement to 99.62 or 61.8 Fibo retracement ..... so the next one we should see is impulse again up to 100.53 or 127 Fibo extension, and then we will talk again DXY 0.35% . also, do you see the AB=CD ..... arriving the 1.618 Fibo ext
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Fibo .38 retracement hit, now lets go up
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Ok Fibo retacement was .618 ..... this trade is still valid. EP was never touched so is still a good trade when you dont loos money.