as shown in the Dollar index the USDoller will retest a broken trendline and then give a push upwards, and if you look at the latest COT Data https://www.tradingster.com/cot/legacy-futures/098662 you will find the Non-Commercial's (banks ..etc) are pushing the USD up (opening long positions and closing shorts),
and on the other side in the eurusd chart above, pair is overall in a yearly down channel, it made a little correction in an ascending little channel and managed to break it down and managed to retest it from out, and will continue the journey downsides, it may bounce a little form the broken trendline and maybe make a false breakout, but it will finally drop down!
TP(1): 1.0989
TP(2): 1.0955
TP(3): 1.0890
with stop loss: 1.11410
I don't advise anyone to get in this trade before seeing confirmation candles at 4H that the price will fall
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Check my idea's here:https://www.tradingview.com/u/jihadHejaz/#published-charts
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thank you
Good luck
and on the other side in the eurusd chart above, pair is overall in a yearly down channel, it made a little correction in an ascending little channel and managed to break it down and managed to retest it from out, and will continue the journey downsides, it may bounce a little form the broken trendline and maybe make a false breakout, but it will finally drop down!
TP(1): 1.0989
TP(2): 1.0955
TP(3): 1.0890
with stop loss: 1.11410
I don't advise anyone to get in this trade before seeing confirmation candles at 4H that the price will fall
Don't forget to leave a LIKE
Check my idea's here:https://www.tradingview.com/u/jihadHejaz/#published-charts
follow me to get the latest analysis daily
thank you
Good luck
Trade active
Trade active
Put you trail stopTrade active
the first target was HitNote
target 2 was hit successfully it will bounce a little and then continue to target 3
ill stop here and take profit, and ill re-buy from the new higher low it will make
Trade closed: target reached
3d target was hit successfully, nice 240 pips!
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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.