Just based on my overall bias on the DXY, I think the Euro is staging a possible bullish move,
And just on a chart pattern perspective, This looks like a bullish pennant. Let's see how it goes.
And just on a chart pattern perspective, This looks like a bullish pennant. Let's see how it goes.
Note
These are the signs...Note
Watch the market's behavior around the shown area before entering a position. There could be a liquidity sweep or an actual price drop. Note
Price broke out of the channel to the downside, if there's no follow up from sellers then it would be a good signal to buy, given a confirmation of course.Note
Note
There it goes...Note
Higher...Note
Buy the dip is my approach on this...Note
Bulls in charge...Note
Stopped out... Note
Few months later, after a few early and failed entries, here we are.
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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.