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Our long term map for Dollar
=> As promised here is part 2 of our dollar series. The longer term chart shows clearly the move(s) we are tracking and expecting.
=> The move towards 102 is still corrective and within the bigger picture this is a large B wave of an ABC since the cycle highs in Jan 2017.
=> In theory we can expect another 5 wave decent to match the logic of the previous 5 wave move, ideally this will kick start the flow from 102-103 range highs.
=> In simple words, we are looking to trade the top/reversal once we reach the 102 area.
=> Good luck and remember not to mess this one up!
=> The move towards 102 is still corrective and within the bigger picture this is a large B wave of an ABC since the cycle highs in Jan 2017.
=> In theory we can expect another 5 wave decent to match the logic of the previous 5 wave move, ideally this will kick start the flow from 102-103 range highs.
=> In simple words, we are looking to trade the top/reversal once we reach the 102 area.
=> Good luck and remember not to mess this one up!
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