If price respects the Support, expecting to go up
Price will either stay within channel and shoot up or break out for downtrend. Play Safe
Even though the first retracement did hit 38.2 but due to Stimulus Check, DXY will drop. Which means fundamental direction would be lower along with technical. I have TP1 & Tp2 Primarily setup. But it may continue to drop.
If Price breaks the 4 HR zone, and getting a nice convincing retest, it will go down nice.
Price broke out of pattern. waiting for the retest to buy up. Too much liquidity up their
The price will drop if it respects the 4 HR zone & Trend
If price respects my entry it will come down to complete my Harmonic entry. and may pass beyond the liquidity. When it comes around D leg, need to watch the patterns
EURCAD Looking to retrace and shoot up to hit the Monthly Zone.
Price is bullish. It will retrace before taking our the liquidity. I am hoping for it retrace at 61.8. If it does not, the trade to buy up is invalid. I have FIB Strategy to buy, and Harmonic strategy to sell. Good Luck
Might break the trend and start going down
If DXY Breaks out, expect the following move to happen.