Bearish divergence on the daily chart is very clear. Also if you check the weekly chart, we had a clear SFP formation which is also a bearish signal. RSI gave confirmation of breakdown when it made a "lower low", this upward movement we saw today is a an opportunity to long the majors- EURUSD, AUDUSD, GBPUSD and NZDUSD.
Invalidation of my idea is clear, if daily candle closes above 97.20, I will exit my longs from the majors....
BUT BUT BUT.... If DXY touches the red block marked in the chart, that would urge me to enter longs on the majors which would be a nice R/R trade as marked in relation to downside on DXY's chart
Original idea by Pheneck
Invalidation of my idea is clear, if daily candle closes above 97.20, I will exit my longs from the majors....
BUT BUT BUT.... If DXY touches the red block marked in the chart, that would urge me to enter longs on the majors which would be a nice R/R trade as marked in relation to downside on DXY's chart
Original idea by Pheneck
