a. 1W – Candle closed with a bearish sentiment.
b. 1D - Uptrend has been broken, therefore we are looking for a re-test and some short position.
Thoughts:
A lot of news directly influenced the price movement last week. And there is no doubt if #DXY will continue to gain strength this pair is more likely to continue its downtrend.
The alternative scenario will occur only if we could consolidate above the 1D trendline.
b. 1D - Uptrend has been broken, therefore we are looking for a re-test and some short position.
Thoughts:
A lot of news directly influenced the price movement last week. And there is no doubt if #DXY will continue to gain strength this pair is more likely to continue its downtrend.
The alternative scenario will occur only if we could consolidate above the 1D trendline.
