EURUSD: Potential Reversals!6hr Time Frame: Reading price action we can see EURUSD has shifted in momentum and has created higher swing lows in confluence with the break of the counter trend line and potential inverted head and shoulders. If price manages to hold above this zone, we can look for longs too 1.23000. If price breaks the current support zone, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.
Conflunece
AB=CD Pattern on the USDCADA good impulse move down followed by a Corrective move to the 50% level which has a good confluence consisiting of a moving average, a resistance zone and a trendline. Good R/R ratio if it hits the intended price target. Unfortunately i missed my trade as i forgot to put in my limit order for while i was at work, but i may enter if i see another setup within the boundaries of this trade.
#DXY #DollarIndex Weekly Analysis: Double Top, PatternTraders, DXY has showed a lot of strength and may still continue to do so. So we must wait for a proper confirmation as I explained in the analysis video.
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