Macro: Dollar strength likely as uncertainty grows from USD economic data; ECB expected to trim dovish tone next week.
Structure: In consolidation after reaching envelope top (~1.1494); forecasting downside to 1.1387–1.1400.
Trigger & Execution:
• Entry: Short on break below 1.1380
• Stop: 1.14678
• Target: 1.12344
• R:R: ~1:2.36
Rationale: Profit-taking above envelope top supports pullback; structural risk limit remains.
Structure: In consolidation after reaching envelope top (~1.1494); forecasting downside to 1.1387–1.1400.
Trigger & Execution:
• Entry: Short on break below 1.1380
• Stop: 1.14678
• Target: 1.12344
• R:R: ~1:2.36
Rationale: Profit-taking above envelope top supports pullback; structural risk limit remains.
ALL TIME HIGH TRADER
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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.
ALL TIME HIGH TRADER
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.