61.8 Fib Pullback

ECB and USD data was a double whammy today for EU. Do we just consolidate now? $DXY $GBPUSD $TLT $GLD

Kommentar:

The Daily ATR Trailing Stop is the thing I am really looking at. These guys typically get broken as we did last week to "end" the downtrend, and then retest the new trailing stop (now green).

Kommentar:

DXY same type of move here on the daily ATR trailing stop, but just opposite.

Kommentar:

Worst case scenario is EU goes for the backtest of the main channel (the channel of the previous downtrend) and the Year Pivot. See

Kommentar:

All the way down to 78.6% with no brakes.

Kommentar:

I have have a strong feeling we get the Year pivot @ 1.1500.