EUR/USD 1H - We want to see the exact same thing take place here on this pair. You will notice that all three pairs I have sent analysis out for correlate perfectly.
We want to see strength in the USD ultimately this week which is why we want to see this pair as well as GU trade lower, as this would tell us that the EUR and GBP are weak against the USD.
As for the USD/CHF we want to see the market trade higher again suggesting strength in the Dollar. Once we have this break of structure to the downside, we will wait for price to pullback into the Zone I have marked out.
Once price trades in, its then a case of waiting for price to break structure again fractally to the downside to confirm the end of the correction and the start of the next impulse lower. Alerts have been set!
We want to see strength in the USD ultimately this week which is why we want to see this pair as well as GU trade lower, as this would tell us that the EUR and GBP are weak against the USD.
As for the USD/CHF we want to see the market trade higher again suggesting strength in the Dollar. Once we have this break of structure to the downside, we will wait for price to pullback into the Zone I have marked out.
Once price trades in, its then a case of waiting for price to break structure again fractally to the downside to confirm the end of the correction and the start of the next impulse lower. Alerts have been set!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.