We had a beautiful break of the up trend line with a retest and reject to the south.
USDOLLAR about to reverse from lows to highs, expecting this pair to fall lower. But first we wait for a good sell entry.
Support area has been broken and now acts as new resistance. Remember: Past support becomes future resistance, past resistance becomes future support.
Entry @ 1894.00
TP 1 @ 1853.00
TP 2 @ 1803.55
Good luck and let me know if there are any questions.
Charles V
CVFX Management
USDOLLAR about to reverse from lows to highs, expecting this pair to fall lower. But first we wait for a good sell entry.
Support area has been broken and now acts as new resistance. Remember: Past support becomes future resistance, past resistance becomes future support.
Entry @ 1894.00
TP 1 @ 1853.00
TP 2 @ 1803.55
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Note
Sell entry hit.Note
Price retesting past resistance area.Note
Both TPs taken.
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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.