Dollar reversal play, second wave sell setup, eurusd
Updated
- After five wave impulse, three waves up almost done, i'm doubt that it will reach 61.8% fib, so will sell on break of the bullish channel..
- In case it will push higher than 61.8% there is order block strong POC (point of control) level - blue area. LWC - (Last week's close) - strong resistance is well.
- Idea invalidation level on the chart. Stronger dollar narrative - raising interest rates.
- In case it will push higher than 61.8% there is order block strong POC (point of control) level - blue area. LWC - (Last week's close) - strong resistance is well.
- Idea invalidation level on the chart. Stronger dollar narrative - raising interest rates.
Trade closed: stop reached
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