This pair is in an interesting place at the moment. You got the 200 and 100 Daily MA sitting right there on support zone . We broke the bullish trend line and we got a bearish trend line being rejected. We got a strong zone around 1.30000 zone that we been rejecting for awhile. It is forming a descending triangle formed. Here you got the Daily-4HR charts. We got a bit of divergence on the 4hr.
Long story short, if you looking for a sell, WAIT on the break-retest-reject of the 200 and 100 MA on the daily. It is a pretty strong zone so make sure to not get caught in the break of 1.30000. It could very well reversed up. As for a buy, I would like a break-retest-reject of the bearish trend line .
Long story short, if you looking for a sell, WAIT on the break-retest-reject of the 200 and 100 MA on the daily. It is a pretty strong zone so make sure to not get caught in the break of 1.30000. It could very well reversed up. As for a buy, I would like a break-retest-reject of the bearish trend line .
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DXY - If we break up, GU will crash. Keep an eye on it. It has been ranging for quite awhile now. Will we reject or break?
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Now that we have broke support, I would like a good retest-reject
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We had the retest-reject we were waiting for
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1HR view, Retest-Reject + engulfing candle
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on the 1hr view we even had a rejection of the 50 MA
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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.