Note
Triangle measured moves: thepatternsite.com/st.htmlNote
Watch for any potential backtests of the triangle bottom rail in the coming days. It looks like we already had a small one today. NFP and Unemployment rate tomorrow.Note
If we backtest the bottom rail of the triangle, short with your house.Note
Looks like we will FINALLY get the full R3-S3 Year CAM range for DXY... near 95.80. note that EURUSD already did this earlier in the year.EURUSD already did the equivalent earlier this year. I believe the a new 2018 low around the year pivot will be a Wycoff test candle and instantly be bought (out of sellers)
Trade active
Getting close to that backtest... added some short today @ 1.1620. Note
If I move the bottom of the triangle to a different anchor point, we did indeed get a backtest today. Time will tell if this was the true backtest and we continue lower to the target Note
Open mind people, open mind. Either we the daily formation is a big H/S, or we are attempting to complete bearish Impulse Wave, where the 4th wave is a contracting triangle. Note
Taking some profit on this trade today as we make new August Lows. Another 60-70 pips to target.Note
95.80 DXY at the Year CAM R3 is getting VERY close.Trade closed: target reached
1.1465, bang. As SOON as the previous 2018 low was breached rapid stop orders were hit in succession causing a crazy cascade. Well Done.Note
Coming up to an interesting spot here on 200 Week SMA. If this does not hold the major 61.8% FIB from the 2017 bottom to 2018 top near 1.1186 seems to be the next likely target. 
Find the edge.
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
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Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Find the edge.
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.