presentation #1: we have two weekly resistance, with consolidation box forming on 15min on a downtrend, with the faith in the dollar decreases, I think most likely a short buy, possibly to 1.16
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Note #1: Double top resistance on 1W (check)Note #2: Evening star on the 1D for trend reversal
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some landmarks, one question I have is EURUSD, if value of USD is looking bearish, shouldn't this scenario be:
Upward trend with "double tap" with evening star doji formation indicating trend reversal; however there are two key resistance levels, with a overbearing bearish candle forming. I feel like it could just drop straight down...
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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.