EU has been consolidating in this order block since last week. It looks like it is trying to break out of it now. If it can get a clear break above this order block, then it may be a good opportunity for continuation for longs.
DXY looks to become weaker and weaker
My Strategy triggered a long
COT data shows a slight decrease in longs but much more decrease in shorts.
For now just monitoring, in parallel looking for potential entries for this idea.
DXY looks to become weaker and weaker
My Strategy triggered a long
COT data shows a slight decrease in longs but much more decrease in shorts.
For now just monitoring, in parallel looking for potential entries for this idea.
Note
Correction on COT data. Net increase in longs. 4k increase in longs and 800 increase in shorts.Note
It appears to have rejected and looking to come back down. London just opened and price action is jumping around but I'm looking for short term reversal. If I see more confirmation, I will start looking for short entries instead of longs.
Note
It looks like the original idea was accurate but that fakeout screwed with my head. Lets see if we can continuation now.
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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.