On 12th of April, I have called a short on EUR/USD. After 2 weeks it is finally complete. Although we were caught in a consolidation and on the 19th is when EUR/USD broke out to the downside. Keep a lookout for these level, 1.20500 or the second extension of D leg at 1.20550(-61.8)
EUR/USD, on the 12th of April, i have called for a short because of the formation of ABCD and i have taken notice of the strength of DXY(dollar). we were caught in a consolidation till April 19 when EUR/USD. broke out, keeping a look for 1.20500 or -61.80 (1.20550)
the daily timeframe along with the FIBS bouncing of the golden ratio of 61.8 with rejections from 4H and 1H , while forming structure of LL .
Price reject support at 1.06400 EMA cross over to long side Refer back to DXY(Dollar) to follow up how dollar should get weak
DXY for short WHY? Daily perfect ABCD pattern off 50.0% EMA red (sell) will cross over the blue (4 hour time frame) This is part 2
DXY for short WHY? Daily perfect ABCD pattern off 61.8 EMA red (sell) will cross over the blue
DXY for short WHY? Daily perfect ABCD pattern off 61.8 EMA red (sell) will cross over the blue This is part 1 of my view