Price has been moving within this ascending channel. We are approaching a key level of resistance which I expect to be broken; however, I will try to react instead of predicting.
Price has also printed a Shark Pattern (Zig Zag Period:10 , Error Rate: 10%) on this key level and had a strong rejection within PRZ.
Fib levels are from the 1-Month TF.
DXY is also currently has strong bearish action with a possible reversal. These upcoming levels will be something to watch.
Price has also printed a Shark Pattern (Zig Zag Period:10 , Error Rate: 10%) on this key level and had a strong rejection within PRZ.
Fib levels are from the 1-Month TF.
DXY is also currently has strong bearish action with a possible reversal. These upcoming levels will be something to watch.
Trade active
Already entered, however I'll cap current profits and look to enter again around the same area on the retest of the TL. Doing this because my entry was a bit premature and also incase there is a change in sentiment and other factors that affect the market.
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Related publications
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.