JICPT| EURUSD sitting at the crossroad!
ที่อัปเดต:
Hello Forex traders. The recent surge of the US 10Y yield really give the dollar index a push. We can clearly see the rising dollar index weights on gold, stock index as well as other currencies.
On the EURUSD daily chart, I'm watching how the zone of 1.661-1.673 will work as a defend holder. Two possible routes are marked on the chart:
1. Route 1: The holder works well and the pair manages to break the downtrend line. We should look for bullish setups on smaller timeframes, e.g. 60m, 240m.
2. Route 2: The holder fails to defend the sellers. We should look for bearish setups on 60m or 240m. I'm really keen for the pullback short setup in this case.
Personally, I favor the second route. What do you think?
Give me like if you're with me.
On the EURUSD daily chart, I'm watching how the zone of 1.661-1.673 will work as a defend holder. Two possible routes are marked on the chart:
1. Route 1: The holder works well and the pair manages to break the downtrend line. We should look for bullish setups on smaller timeframes, e.g. 60m, 240m.
2. Route 2: The holder fails to defend the sellers. We should look for bearish setups on 60m or 240m. I'm really keen for the pullback short setup in this case.
Personally, I favor the second route. What do you think?
Give me like if you're with me.
ความคิดเห็น
It fell into the second route. On the 30m chart below, it got a quick retest after the zone being violated. The pullback strategy works. ความคิดเห็น
It went down as expected. However, I'm estimated an pullback short opportunities in the coming days.
plan your trade and trade your plan
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