Since Yellen Decided To Cut The Forecast Of 4 Hike To 2 Hike The Dollar Tumbled (Fundamental Shift)
Look At The Chart, 10/3/2015 Dollar Dropped From 98.42 To 95.93, Then Retraced 50% Before dropping down another time from 97.10 to 94.50 on 16/3/2016, The Ratio To The Down Side Was 1:1 ( Price Dropped 3 Dollars Each Move)
Because Time Matter Also, The Drop Took 4 Trading Days, Today Is The 4th Day 3rd Cycle To Complete..
After Each Drop The Price Retrace 50% Of The Move, As Shown On The Chart Price Is Retracing 50% ATM.
The Blue Horizontal Trend Line Represent The 2015 Consolidation Low, And Next Move Target ...
Bulls Will Squeezed, And Market Will Drop, This Technical Outlook Will Be Erased If We Moved Above 50% Level, Or The Price Consolidated More Than 4 Days ( ATM We Ends The 3rd Day..
Good Luck All
Look At The Chart, 10/3/2015 Dollar Dropped From 98.42 To 95.93, Then Retraced 50% Before dropping down another time from 97.10 to 94.50 on 16/3/2016, The Ratio To The Down Side Was 1:1 ( Price Dropped 3 Dollars Each Move)
Because Time Matter Also, The Drop Took 4 Trading Days, Today Is The 4th Day 3rd Cycle To Complete..
After Each Drop The Price Retrace 50% Of The Move, As Shown On The Chart Price Is Retracing 50% ATM.
The Blue Horizontal Trend Line Represent The 2015 Consolidation Low, And Next Move Target ...
Bulls Will Squeezed, And Market Will Drop, This Technical Outlook Will Be Erased If We Moved Above 50% Level, Or The Price Consolidated More Than 4 Days ( ATM We Ends The 3rd Day..
Good Luck All