solonas96

solonas96

The DXY has been going to the downside for quite some time now and the price is very corrective. Still in a downtrend but if we see a bullish bounce on 95.70 - 96.00 we can go for it. Also, the 1.14400 on EURUSD has held once again so in order for the downtrend to continue on DXY it needs at least a bigger correction. Always see price action for impulse and then...

solonas96 Updated 

Confirmation: Price just rejected the 4Hr SMA and retested the area we were expecting. Long opportunity 1:3 Risk reward.

solonas96 Updated 

The market has broken the correction structure that was forming on 1hour timeframe. As we can see from the top, the market has retraced and bounced off the 61.8 Fibonacci. Wait for Retest on MACD indicator for zero crossover for bearish flag continuation pattern. Trade with care:)