Finally we were able to break out of the consolidation range on DXY. EU did not closed below the consolidation low, but the draw is clear here too. We are heading towards the monthly gap on DXY and EU too.
Could be a very low resistance run, there is really no speedbump/bullish array below us on any timeframe. I don't want to see a retracement on DXY, neither on EU. A sting into the outlined gap would be really nice. Any closure above that big ass nfp gap would be really suspicious if we would want to go lower.
That's it ok be safe byyyyyy
Could be a very low resistance run, there is really no speedbump/bullish array below us on any timeframe. I don't want to see a retracement on DXY, neither on EU. A sting into the outlined gap would be really nice. Any closure above that big ass nfp gap would be really suspicious if we would want to go lower.
That's it ok be safe byyyyyy
Note
Price did not retraced up to the 4h fvg, but as we saw on the DXY analysis, price didn't even need to retrace to move higher there. So the pullback wasn't necessary here either. Here is the setup, when price made it clear: "We go down for the Monthly gap"
Trade closed: target reached
Oh and almost forgot... Target reached :)Ok byyyy
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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.