swept highs and instantly rejected forming a bearish pattern (wicked liquidity zone followed by a bearish candle). We are in a bullish trend as of now but I don't think it has enough fuel to target the Daily swing highs right now so the only way left to go is down for liquidity and a cheaper price so that the big guys can enter in. As always this idea can be 100%...
currently below the previous 4HR candle lows. There also a retest of the Lows after breaking below.
Rejection off weekly highs and 4HR highs, aiming for a 1:1 to previous lows and SL just above 1hr resistance area. Just an idea that could 100% lose, its forex after all.
Retested previous broken lows, rejected and proceeded to head downwards.
Retested previous broken lows, rejected and proceeded to head downwards.
DXY currently rejecting 200EMA on daily time frame and is at a supply zone on the 4hr time frame. Also seeing it on its way to close an FVG. Probability of it going down is higher at this moment.
Rejecting off of strong resistance level multiple times. 2:1 RR