takkarsagar2007

takkarsagar2007

Dxy index contains different currencies in one basket to measure US dollar strength. EUR IS 58% in that basket. So EURUSD closely follows DXY. In DXY, liquidity Induced Trap was taken, but eurusd didn't. So didn’t wait for EURUSD to do it thing.

takkarsagar2007

if you take a look on bigger scale for this whole year. you will see how perfect Fibonacci levels have formed. extend till April. and then consolidating in a range which defines 0.786 and 0.618 levels. As we know the market cycles. its on a stage 3. it is going to fall. it is visible this pair is falling down 0.618 level. Once you see breaking trendline with...

takkarsagar2007

Look a big double top pattern to break down. Can give big profits to the positional traders. keep looking you will get swing trades a lot during this period.

takkarsagar2007

Let's see this double bottom will work or not. Targets are achievable. retest or not will depend on volume. Marking stop loss at quite good gap.

takkarsagar2007

A triangle or Double bottom can be seen to be formed. Always do due diligence.