W can see price is trading nicely below the 200EMA and within the channel on the 4H. With the collapse of the US economy and slow death of the USD, would be a nice 1 to hold for the long run and more entries on pullbacks, but for now: Entry 130.00 - 130.336 SL: 131.500 ( a bit above the resistance zone) TP1: 129.700 TP2: 129.250 TP3: 128.920 TP4: Open
@WinnerNzumgomer, massive inflation and debt, the power shift of how Russia and Saudi are trying to unpeg the usd from oil, BRICS nations working on a new currency backed by Gold. A sign that a currency is weakening is when even the fundamentals are in favor of it but is unable to push it up much or force a trend reversal and change sentiment. Todays USD PMI results for instance, in favor of USD, quick spike to the upside, and then back down to continue the main downtrend