lower tfs and scalp I have taken longs on this basis...technically long from DP E: 1.3008 TP 1:1.3050 SL: 1.2993 Also Attatched is the dxy chart--Why we are stuck where we are Regards BW

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Good morning All — The Dollar Index (DXY) technical reviews show that the 80.00 swing point will be very hard to break and then hold without an implosion in global equity market trade. The same price was pivotal in 2004, 2005, 2007, 2008, ...

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Bear Flag Playing out to the T :-)

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Very correct and accurate analysis..was also top of my bear flag... Good Work Master T

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The important figure is 1.2985 — The important figure is 1.2985 if this is broken this will be a bear flag breakout and will invalidate all longs as target will then be 1.2865... Crucial hour imho for euro... As Tarantula will also say less ...

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My Thoughts — Good Morning all, Morning Tarantula, I have no trades as of yet but will be watching : a) LTL b) Bear flag c) Various bull levels Current Trades based on Lower bear flag channel Lines Have a lovely day all Regards BW

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There you have it :-)))

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Correct this goes hand in hand with dxy breakout :-)

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Dxy — Here dxy forming a some what bullish pattern ie bullish ascending... I will wait till break of trendline and retest to long aussie...

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"previous supply = demand" Also when there is a gap the zone is never called a demand zone my 2 cents...

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Regarding Aussie Longs — Hello there seen a couple of aussie posts Longs now are only valid on levels specified on the chart imho.. Take a look will only be looking to scalp longs in supply zones.. Forgot to mention GAP FILL ZONE Regards BW

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Dollar index 81.45 Critical Level — Hi All, The last hope for euro bulls would be when Dollar index hits 81.45. This will be a great touch trade as well for euro Longs.. The Chart is attatched set some alerts at this level.. Regards BW

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Target out at 67 Work complete for the afternoon :-) Have a good Day all

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1/2 off now at 85 other half at break even :-)

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Well done Excellent trade BW

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Sorry for the delay — I shorted euro on the break and retest of the trendline.. short at 1.3014 stop at 1.3020 Target is 1.2964 Lets see how this plays out. In tarantula's technical language BPC :-) Regards BW

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Thanks Tarantula will stick to posting charts and trades from now on.. Please let m know if you want any changes in the posting at all Kind regards BW

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3/4 taken out at 60 Reason secondary supply zone.. 1/4 left..+ 55 pips :-)

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Very Well presented and am in total agreement with yourself... The chart that have I posted is not for trade value but more along the lines of importance of critical factors for the euro..and as the trading range has been broken i thought I would ...

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Trading Range has been broken — Hi , All here is an new chart as the trading range has been broken This is a longer term perspective.. Kind regards BW Have a lovely day all Traders on this thread :-) P.S I have gone long today at 1.3005 based ...

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