I know a lot of traders are waiting for the break of 1.05 and 1.045 and later a parity in EurUsd.
So far we are just bouncing from the multi month trendline and printed a daily swing.
If I'M waiting for DXY to break down and top in the megaphone top I should be waiting for EurUsd to print a bottom and rally towards 1.100.
Indicators:
TSI is crossing over (Notice TSI is turning up from super oversold levels like 2015. March)
RSI is turning up and leaving overbought
Today we have a daily swing and the swing was not erased. We printed a steep decline with 6 days of panic selling and today we bounced from the multi month trendline.
This is a low risk long entry with a stop below yesterday's low (1.0550)
NEW LONG ENTRY
So far we are just bouncing from the multi month trendline and printed a daily swing.
If I'M waiting for DXY to break down and top in the megaphone top I should be waiting for EurUsd to print a bottom and rally towards 1.100.
Indicators:
TSI is crossing over (Notice TSI is turning up from super oversold levels like 2015. March)
RSI is turning up and leaving overbought
Today we have a daily swing and the swing was not erased. We printed a steep decline with 6 days of panic selling and today we bounced from the multi month trendline.
This is a low risk long entry with a stop below yesterday's low (1.0550)
NEW LONG ENTRY
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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.
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.