On the 4-hour timeframe, EUR/USD has formed an ascending channel followed by a strong breakout to the downside, creating a supply level around the 1.11300 area, where the price has tapped in and is currently selling off from.
To get a sell entry, we need to wait for a market structure break and retest. Currently, the price is at a minor support level. We need to see a breakout that creates a Lower Low; then, we will be looking to sell from the retest level, forming a Lower High.
DXY has formed a Double Bottom at a daily demand level
Signaling bullish momentum.
Don't Trade all the time
Trade only confirm trade setups.
To get a sell entry, we need to wait for a market structure break and retest. Currently, the price is at a minor support level. We need to see a breakout that creates a Lower Low; then, we will be looking to sell from the retest level, forming a Lower High.
DXY has formed a Double Bottom at a daily demand level
Signaling bullish momentum.
Don't Trade all the time
Trade only confirm trade setups.
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.
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.