This pair is clearly in level 1 as shown on the H1 chart. I expect the pair to drop following testing and rejecting the initial high of day or the previous day high, the pattern I expect is most likely to form as a rejection of the 200EMA.
Given the clear 3 level drop on the monthly chart and the level 3 consolidation visible on the monthly chart, this pair is rising on a long term perspective.
As such, I have noted areas of interest for entries and profit taking.
Following the structure, entering quarterly peak lows and holding (quarterly swings) while maximizing on the weekly cycle in relation...
A clear 3 level drop and level 3 chop at the low of a trend on the monthly chart is clearly visible. So on a long term perspective I have marked points at which I see price risinh to give the dollar is on a upward trend long term.
That said, I intend to enter my Executable trades in line with this upward trend, maximizing the cycle levels on a long term and short term.
I see the dollar rising to further significant levels of which I have marked. I just aim to follow the cycle long term in this regard, I'll have a clear idea of the types of entries I should take seasonally as swing while still following the cycle on a weekly scale each quarter with a bias in relation to this long-term one I have noted on the USD. So I just have...
