- Price action since Mar08 has resulted in a triangle which is now breaking on the downside at 76.22.
- Triangle widest point in Mar09, top 89.62, bottom 72.53 so downmove measured objective has a length of 17.09.
- Set against the break point at 76.22, triangle downside objective is 59.13.
- Plenty to play for here still, even though USDX feels like it has been going down forever. Technically, the sell trade is just beginning a fresh leg. Hang tight to your gold.
1 comment:
I am very impressed with the self-introduction of yourself.
May I know if you are married with children? I asked that because trading for yourself without a full time salary will be risky if you have a family to feed.
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