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XTIUSD DAILY CHART – FOCUS ON 70.00
Crude falling following the trump win but also performing technically.
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Gap from last week filled, hit a wall at 72.85 and now dependent on 70.00 holding to prevent a run at the lows.Note how well the Amazing Trader chart points work (i.e. blue resistance line) and is yet another example how this program works with any instrument your broker offersvon its platform and in any time frame.
USDJPY DAILY CHART – 155 on the radar
Filled the opening week gap and then took off the opposite way. Of course, it was the US election results and the Trump Trade that was the catalyst.
Key target is at 155.20 and don’t be surprised if the BoJ is lurking covertly as the 155 area is clearly an important one.
Expect support on dips, especially if it can hold the former high at 153.86.
EURUSD 4 HOUR CHART – TRUMP TRADE PART 3 – HIGHER DOLLAR
Use today’s low (1.0703) as first area of support with 1.0685 and 1.0600 below it.
Back above 1.0780-00 would be needed to slow the risk
If I was a central bank I would have been in covertly to restore some order.
Note my warning that a stop may nit be a stop,
