EUR/USD
Price on the DXY is currently sitting at a key area in which we are more than likely to see bullish momentum kick in meaning we can capitalize on shorts on EUR/USD. We have an ascending channel rising to a double top in which price broke above, trapped traders on the wrong side of the market and washed out the orders hence why we got the retrace candle on the daily timeframe. What I will be looking for on the lower timeframe is a flag continuation for a reduced risk entry / potential risk entry to take to the downside.
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