Hey guys!!! I hope everyone is having an awesome trading week.
We finally have reversal potential showing on EU & the DXY. Over the last several days, we saw an extended bearish cycle play out with EU. Remember that cycles can last 3-5 days. The peak has not officially lock so be cautious holding long positions with EU. Remember, FOREX pays us to wait. Be patient.
Daily: Treading short
4H: Bullish harmonic
1H: Reversal behavior, inverted H&S, EMAs have not crossed
Manage all trades according to your trading plan.
***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
Would love to hear from you guys. If you happen to use the projection provided for your next trade feel free to message me with questions and updates.
We finally have reversal potential showing on EU & the DXY. Over the last several days, we saw an extended bearish cycle play out with EU. Remember that cycles can last 3-5 days. The peak has not officially lock so be cautious holding long positions with EU. Remember, FOREX pays us to wait. Be patient.
Daily: Treading short
4H: Bullish harmonic
1H: Reversal behavior, inverted H&S, EMAs have not crossed
Manage all trades according to your trading plan.
***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
Would love to hear from you guys. If you happen to use the projection provided for your next trade feel free to message me with questions and updates.