Each time we're assuming something then the market is turning against it. Keep humble and keep learning. Market is a mountains.
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Wrong assumings: 1, DXY is on a huge moving up that is assuming USD/JPY is on a huge up trend. Wrong, weighted JPY is recovering its purchase power more quickly than USD. 2, DXY is on a dropping that is assuming GOLD will go to the moon. Wrong, the moon is too far to go, now that fast. 3, USD/JPY is on a huge bounce that will lift stock markets rise to the sky. Wrong, the sky is falling. --- Agents of Shield TV show series ( look forward seeing new season)
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If renminbi's launching this one will go higher and will be put down again utill Usdcny is pegged.
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Watch out! Iceberg! Water fall! You name it. Be careful guys... This is not impossible after GBP flash collapsing. I count 4- 5 weekly bars.
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2 weekly bars counted... very accurate... this predict was 5 months ago. At that time, I didn't even know this time window was the election day's week. After Feb. 2015 we've never had this pair closed above 1.1150 weekly candle.
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I mean 1.1500 weekly candle
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We soon shall have the clear future in 2-3 weekly bars.
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Like this!
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There's a truncation between 1.05595- 1.03847. Hopefully......
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This is the right side from Trump wins. DXY 90- 91 is the key redline. We're expecting DXY pullback to 96 area as a first target truncation area and further ( not a must be) more down to range bottom 90- 91 as a second target. At DXY low, we're going to sell all of gold positions for investing high interests currency and low PE priced stocks. Last chance to sell gold... it's down trend... don't be trapped.
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The correlations are changing now.
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Merry Christmas and happy new year! We wish investors have good luck here! Keep humble on this chart is the key for a success!