Euro / U.S. DollarShort
EURUSD Bearish BO
HTF market recently broke out of the HTF structure and last week all it did was correct for most of the time and then when CPI was released it seems that the market moved irrationally, finishing the week with a strong bearish impulsive move.
LTF I do suspect that a reversal was performed, and I am more inclined to enter a trade for the EUR weakness than for the dollar since to me the dollar seems quite strong this week, plus we have lots of volatility this week due to a lot of important news released.
Anyway on the LTF the market broke the expanding channel and now is correcting, I expect the market to break bellow and continue with its momentum there.
LTF I do suspect that a reversal was performed, and I am more inclined to enter a trade for the EUR weakness than for the dollar since to me the dollar seems quite strong this week, plus we have lots of volatility this week due to a lot of important news released.
Anyway on the LTF the market broke the expanding channel and now is correcting, I expect the market to break bellow and continue with its momentum there.
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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.