Approaching 1.12 psycho zone, pair has been consolidating for a while. A rejection off key level from DXY may be just what's needed for some movement from the pair towards the downside. Multiple confluences including the following: 4hr TL + Psycho Z + F + R + DXY TL. Possible entry on close of 1hr candle.
DXY:
DXY:
Note
Was potential to grab 40 pips from the drop, now back at the same level waiting for some confirmation from DXY before entering for a swing
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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.