The US dollar has been on a bearish trend for most the recent months, with an over-waited push to the upside created last week, forcing he dollar to evidently create its first HH and HL in a while. However, on the look for a short to its original key level 104.38 for perhaps a breakout or retest to the upside. Key factors: - Clear lower high formed at the 61.80% retracement - No support level for buyers to enter in no man's land - MACD showing strong bearish momentum has begun - RSI finally breaking the overbought strength indicating the further push to the downside - Perfect hanging man bearish candlestick formation created at the forming of the lower high - Overall bearish trend with the possible bullish trend continuing at the TP zone - MA lines crossing on the 1hr and reacting above price - All confluences are heavily respected and transparent on the daily time-frame RR: 4.91 ~ SL 11pips ~ TP 56pips
Entry: Once i get a confirmation of a bearish closed candlestick formation forming to the downside AND a break and retest on the small consolidation at the formation of the LH on the 15-30 minute time-frame i will execute the trade.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.