If history repeats itself we shall see a push up soon. Depending on news of course.
Still short on EURUSD. Based from Wyckoff method Distribution is occurring and it is currently at the upthrust after distribution and should follow with more movement downward. Waiting on a small retracement to box on 15 or 5 min TF to sell.
Based off higher timeframe analysis. Buy usdcad. I believe it is currently at the spring/dip before the trend upward.
Chart should explain well enough and of course just an idea and should not be taken as facts.
Short term long to grab the last bit of liquidity and then looking for shorts again.
If you have not seen my other draw up then go check it out it will explain the movements.
If you have not seen my other draw up then go check it out it will explain the movements.
Patience. Always wait for retest. Moves might not be super precise, just a rough sketch.
This is a business of patience and key analysis.
EURUSD at weekly timeframe resistance zone, there is an RSI Divergence on W,D,4hr timeframes, also USDCAD is at weekly support zone which is another confluence. The market moves in waves. Might fakeout so be cautious but from what I'm gathering this thing is gonna be reversing to the downside but we shall see.
RSI Showing divergence on 2hr chart. Double bottom forming. And it is at a key level of structure.