USCADDY
Man O man. I didn't take any trades on this pair too focused. Personally I like to stay sharp so I do the analysis and paper trade it. Based off my previous analysis on the Daily we had support showing bullish exhaustion on a bearish candle. The next two daily candles didn't show me any real volume or momentum with obvious bearish exhaustion. The 4h held resistance around 1.25250, LHs were made as double tops were printed giving more confluence and more confirmation. Even a trendline could have been implemented to show proper structure. Price pushed down to about 1.24000 before news pushed it back up. I say all that to say this ;) HTF is consolidating which is why I haven't executed any trades myself. If price breaks the high of the 1.25250-25300 area then I'll look to possibly buy. Long term looking toward 1.23500. Have to be patient with this pair but I guarantee she will serve you proper. Happy Trading!
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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.