as shown in the Dollar index the USDoller will retest a broken trendline and then give a push upwards, and if you look at the latest COT Data https://www.tradingster.com/cot/legacy-futures/098662 you will find the Non-Commercial's (banks ..etc) are pushing the USD up (opening long positions and closing shorts),
and on the other side in the eurusd chart above, pair is overall in a yearly down channel, it made a little correction in an ascending little channel and managed to break it down and managed to retest it from out, and will continue the journey downsides, it may bounce a little form the broken trendline and maybe make a false breakout, but it will finally drop down!
TP(1): 1.0989
TP(2): 1.0955
TP(3): 1.0890
with stop loss: 1.11410
I don't advise anyone to get in this trade before seeing confirmation candles at 4H that the price will fall
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Good luck
and on the other side in the eurusd chart above, pair is overall in a yearly down channel, it made a little correction in an ascending little channel and managed to break it down and managed to retest it from out, and will continue the journey downsides, it may bounce a little form the broken trendline and maybe make a false breakout, but it will finally drop down!
TP(1): 1.0989
TP(2): 1.0955
TP(3): 1.0890
with stop loss: 1.11410
I don't advise anyone to get in this trade before seeing confirmation candles at 4H that the price will fall
Don't forget to leave a LIKE
Check my idea's here:https://www.tradingview.com/u/jihadHejaz/#published-charts
follow me to get the latest analysis daily
thank you
Good luck
Trade active
Trade active:
Put you trail stop
Trade active:
the first target was Hit
Trade closed: target reached:
3d target was hit successfully, nice 240 pips!
it will bounce a little and then continue to target 3
ill stop here and take profit, and ill re-buy from the new higher low it will make