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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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.