EURUSD BREAD AND BUTTER SETUP
The DXY is showing signs of getting back to the races , while the fIber is clearly frail.It has been on a week long consolidation which is likely pointing to the pair distributing to go lower.
Last week price had tapped into a daily rejection block from midyear as well as flashing with another key premium being the yearly low from 2020.These are strong lecvels that are likely going to offer resistance .
From my analysis i took a fib and marked the 50% level of the hourly rejection block for a much refined entry that offers a higher risk to reward ratio.All i have to do now is wait for price to tap into my slaughter house.:-)
Last week price had tapped into a daily rejection block from midyear as well as flashing with another key premium being the yearly low from 2020.These are strong lecvels that are likely going to offer resistance .
From my analysis i took a fib and marked the 50% level of the hourly rejection block for a much refined entry that offers a higher risk to reward ratio.All i have to do now is wait for price to tap into my slaughter house.:-)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.