W - Neutral, price is showing low momentum as it approaches the major support. the current candle stick is looking very bullish
D - Bullish, price has broken out of the descending wedge and made a strong bullish move
DXY - Bearish, price has broken out of the ascending wedge with a strong bearish move
Swing entries -
if price retraces back to the 1.184 area I will be looking to enter a long position
Scalping entries -
price is looking a bit over extended, time for a retracement but that is always risky trading against the trend. unless I see an obvious trend form and a clear entry I will avoid scalping on EURUSD today
D - Bullish, price has broken out of the descending wedge and made a strong bullish move
DXY - Bearish, price has broken out of the ascending wedge with a strong bearish move
Swing entries -
if price retraces back to the 1.184 area I will be looking to enter a long position
Scalping entries -
price is looking a bit over extended, time for a retracement but that is always risky trading against the trend. unless I see an obvious trend form and a clear entry I will avoid scalping on EURUSD today
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.