I'm certainly still bearish on the Dollar going into the US elections. How it will play out, I do not know but my bias is well defined until price prints otherwise.
The arrowed path is just a delineation of how I would like to see it play out, no promises there!
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It's been 3 consecutive weeks of the Cable printing bearish volumes and we anticipate the bears are not tired yet, at least not today.
Looking at the daily TF, we can see the bears just broke out of last week's consolidation on Wednesday and seem to be doing a pullback to clear internal liquidity from the new range it created following the breakout...
2023 saw EU create a bullish opening range in H1, and H2 2023 opened only to raid stop orders from early trading that year before expanding to the upside. This PA created a bullish range which was retraced to the demand zone left in the wake of that previous expansion in April 2024, leaving behind what I suppose should be the low of the year.
The Fiber has since...