EURUSD Daily Analysis
W - Neutral, price is at the neckline, and is showing less momentum as price approaches
D - Neutral, price is in a descending wedge as it approaches the neckline of the double top
DXY -Neutral, price is approaching the neckline of a double bottom and is showing less momentum as it approaches and is in an ascending wedge
Swing trades -
price looks like it may be breaking above the descending wedge; however, price has already my two false breakouts so I am going to wait until the direction is very clear.
scalping entries -
same as the swing trades, structure doesn't need to be respected in these situations so I will wait until a clear direction
D - Neutral, price is in a descending wedge as it approaches the neckline of the double top
DXY -Neutral, price is approaching the neckline of a double bottom and is showing less momentum as it approaches and is in an ascending wedge
Swing trades -
price looks like it may be breaking above the descending wedge; however, price has already my two false breakouts so I am going to wait until the direction is very clear.
scalping entries -
same as the swing trades, structure doesn't need to be respected in these situations so I will wait until a clear direction
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