The weekly candle after this indecision will tell us the next move!
Broke out upside smaller TR at the bottom and now looks like its turning back. Let's see if it bounces at 13/21 EMA. That's a buy setup with target at cyan TL. IF CYAN TL BROKE possible targets are 200 EMA/SMA
Just touched 1.272 extension. Look for Sell setups when it enters overbought territory.
If price can break 50% and consolidate few days above that level, look for short term buy setups upon retest of 50%. If price forms a daily hammer around 50%, sell with SL above hammer wick. If price ever reach 61.8%, that is a good level to short.
Pretty easy to trade. Might take 3 days to reach green zone for a buy scalp. For now look for daily candle PA at 200 / 100 EMA.
Might see a turn in DXY soon.
I am waiting for a down move (sell stop) towards green box since a divergence is seen. Then buy from there. Scalping in between work is the best! (:
Buying here as I am seeing RSI got out of oversold.
Based on cycles. It is still early in the daily cycle, so being a conservative, I would wait for a support to be found and then buy the pullback as highlighted.
Based on H1. RSI divergence observed. Target bottom of rising channel.