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(06 September Europe) Latest Impact:  Dollar Index Neck-lined!

 

 

          The week corresponds to BOJ, RBA, BOC, & BOE rate announcement.

 

The last 3NFP reports ruined the dollar index uptrend from 88 to 80band, in an apparent technical formation known as trend ‘correction.’ August model has construed a Head-Shoulder (H&S) pattern with neckline seated @ 8200. A daily close below neckline should allow the dollar to tumble further towards 8000, the target of H&S.

 

 

SOS Remarks:

1.     First Entry: 0.5 lots; 2nd entry 1lot; Final entry: 2lots

2.     A Limit Order should be removed if not taken ahead of closing US bell

3.     Any other update or query regarding this signal should be addressed to support team for continuation process (if any).

 

 

 

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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****

 

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