Ok....I was stopped out at break even but am still very bullish for the USD. We are still trading in the range between the two lines above and i went long again early AM Friday at 94.03( bang in the middle of the two lines with a 15 pip stop under the blue supporting line which is now at B/E again as the market has moved higher. If you remember Dr Andrews sideways count method using two MPL's where you have a ranging/oscillating market bouncing up and down you also remember that he says that price usually breaks out in the same direction from where it came ie up (good!) and with the count method i counted at least 9 hits not including the first with a range of 9.90 to 94.17 = 27 pts x 9 = 243 basis points or 96.30 as the first target. That seems a long way off and and equates to somewhere on the green UMLP (see earlier long term MT charts) if we take a more conservative count of 4 on the 15 min chart that still gives you 108 points or just about 95.00 which is my objective on the green Cl (94.86) before we hit the reaction line. While writing this price has risen quickly and we have a new high of 94.42 so the breakout is underway and we have taken out all previous highs except the one at around 94.76
11.11am...............Stochs are v toppy on several TF's with my B-line (55,10,1) on the roof with the 7-3-3 and 21-10-4 not far behind it...you could take profits here and re enter (if you have Ensign use Buffy's template to get a MOF trade entry) or stick out the coming retracement. I will stick it out for the moment but am aware of several short term UMLP's where we may get a pullback.
Here is the current Euro$ chart with reaction lines extended....self explanatory.
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