EURUSD
Market in uptrend on daily and 1 hour time frame
Monthly resistance did not hold
waiting on pullback to support zones marked on chart
once market reaches support I will wait for wick rejection before entering bullish
Retail sentiment is bullish on USD, as we know most retail traders lose money this is therefore bearish for USD
Fundamentals still in favour of USD, however with lower than expected CPI numbers yesterday we
can expect FEDS to pause or slow down on interest rate hikes
Stop loss will go below structure
Take profit 3x risk
Monthly resistance did not hold
waiting on pullback to support zones marked on chart
once market reaches support I will wait for wick rejection before entering bullish
Retail sentiment is bullish on USD, as we know most retail traders lose money this is therefore bearish for USD
Fundamentals still in favour of USD, however with lower than expected CPI numbers yesterday we
can expect FEDS to pause or slow down on interest rate hikes
Stop loss will go below structure
Take profit 3x risk
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