Buy Limit on retest of Consolidation Box where:
Fundamentals:
USD is expected to weaken based on high inflation and constant Dovish stance by the FEDS. The DXY is also on a bearish structure.
Technical-wise:
EURUSD has been showing signs of Bullishness recently. I would be targeting previous high for a 1:2 RRR to fill in left-out imbalance. Price has also shown rejection of the 1.18000 Key Level.
I've also set a time limit for this Buy Limit to be valid.
Fundamentals:
USD is expected to weaken based on high inflation and constant Dovish stance by the FEDS. The DXY is also on a bearish structure.
Technical-wise:
EURUSD has been showing signs of Bullishness recently. I would be targeting previous high for a 1:2 RRR to fill in left-out imbalance. Price has also shown rejection of the 1.18000 Key Level.
I've also set a time limit for this Buy Limit to be valid.
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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.
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.