1. Up - ala Uptrend 2. Down - aka Downtrend 3. Sideways aka Consolidation
Yesterday was a down.
Today is UP.
Indicators lag and only show data AFTER the fact. The markets are fluid and the best indicator is one that gives Data in REAL time and for EURUSD that's the DXY. It is the Ying to EURUSD Yang.
The DXY woke up BEARISH (DOWN) that's why EURUSD is UP. That's all the confluence you need to look for LONG set ups today Wed August 3, 2022 4:35am.
My previous post stated that EURUSD was going UP today. The sun always shines after the rain. Proceed accordingly.
Never Over Leverage. Trust your trade set up. Have FUN!
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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.