broke through daily rising support, weekly rising support, and currently retesting weekly s/r. already failed retest on daily doubtful of a double bottom reversal based on volume. you can see my target lines are horizontal s/r, yellow for weekly green for daily.
usd is unstable but so is everything else. if biden wins the dollar is screwed so consider that and other election/pandemic related macros before taking a risky trade like this. low size on this one, keeping stops loose due to chop. watch for bounce, dump, retest, dump.
just rejected yuge level mid 7's, now rising wedge. rip
put that thang down flip it and reverse it
rejected highs. longer time frame at major resistance.
This pair hasn't been doing anything for a long time. Grinding back and forth in a tight, almost totally un-tradable range. Frankly, it has been disgusting to even look at. This wedge could mean a breakdown of the weekly chart and some much deserved volatility for us traders. If this doesn't play through then I don't know when we'll see any action on this...
bull flag on 15. long from support. looking for 7500 area (+/- a few pips) for an exit on a long. risk is the low of the test of broken resistance.