EURUSD - LOOKING FOR A BREATH, LIQUIDITY OR LOWER HIGH
Simple things are happening here guys:
- First of all, we have a new low that WEEKLY just created. The point is: we also have a steady zone been touched and rejecting a cool green candle there. It shows me that MAYBE we MIGHT go up for further lower high formation;
- There's a nice downward (or bearish) push that just happened there. Considering it's weekly, we may need to gather more liquidity in order to jump down;
- The same applies to DAILY: price doesn't want to stay in that area without reinforcements. Bears need to retreat in order to advance;
- On 4 hOUR you can see that we're forming a kind of "V" pattern or something like a retest in the broken minor resistance, that's becoming a support. Once it's happening, we might go for liquidities at the 1.15ish levels or even further, AFTER some consolidation and whipsaws (or stop hunts) happens;
- Most importantly: take a look at what DXY is at right now. Too high, too dangerous. Trump is turning the world upside down and the "cold-commercial war" might start to show some effects. Couldn't now be a good time for dollar to take a break and also grab some liquidity too ? Isn't that resistance too strong?
If the above thought is sustainable, then dollar is going to move lower and the EURO might gain some bullish strength (or liquidity, as mentioned above).... think about that.
So now we can wait for those things to happen and pray for the best. If the trade happens, we have STOP LOSS. If it doesn't, well... at least we have't lose money at all.
Cheers!
- First of all, we have a new low that WEEKLY just created. The point is: we also have a steady zone been touched and rejecting a cool green candle there. It shows me that MAYBE we MIGHT go up for further lower high formation;
- There's a nice downward (or bearish) push that just happened there. Considering it's weekly, we may need to gather more liquidity in order to jump down;
- The same applies to DAILY: price doesn't want to stay in that area without reinforcements. Bears need to retreat in order to advance;
- On 4 hOUR you can see that we're forming a kind of "V" pattern or something like a retest in the broken minor resistance, that's becoming a support. Once it's happening, we might go for liquidities at the 1.15ish levels or even further, AFTER some consolidation and whipsaws (or stop hunts) happens;
- Most importantly: take a look at what DXY is at right now. Too high, too dangerous. Trump is turning the world upside down and the "cold-commercial war" might start to show some effects. Couldn't now be a good time for dollar to take a break and also grab some liquidity too ? Isn't that resistance too strong?
If the above thought is sustainable, then dollar is going to move lower and the EURO might gain some bullish strength (or liquidity, as mentioned above).... think about that.
So now we can wait for those things to happen and pray for the best. If the trade happens, we have STOP LOSS. If it doesn't, well... at least we have't lose money at all.
Cheers!
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.