This is a technical analysis based off what plays out at 1.28000.
My sentiment is an open market retest of 1.28000 which is the current key resistance area. The direction play out will be forecasted off a rejection pivot or breach for continuation.
If there is a rejection with strong pivot I sentiment a retest of 1.26600. If that breaks a retest of 1.26200 is in play. These levels are our key buys zones. If market opens to retest these supports we will be looking for a buy.
If 1.28000 resistance breaks look for the first retest at 1.28500. If that breaks momentum will increase to 1.29500 for huge gains.
ENTRY: I am looking for an entry position based off MACD and SIGNAL play out. If there is a divergence I’ll sentiment towards a resistance breach unless there is a rejection Wich would confirm a fake out divergence. If MACD/SIGNAL cross down with a close out (as presented on 1 hr chart) I’ll sentiment a support retest.
I am heavily correlating DXY chart as we found support again at 90.000 with a seemingly pivot. This is a key level for DXY that previously was a strong resistance which is now finding continued support ( which in my strategy we change to support) That being said a breach through resistance levels may be the play out for this pair. My previous DXY posts are attached.
This is extremely detailed so observe carefully and please comment with thoughts and ideas. Thank you.
My sentiment is an open market retest of 1.28000 which is the current key resistance area. The direction play out will be forecasted off a rejection pivot or breach for continuation.
If there is a rejection with strong pivot I sentiment a retest of 1.26600. If that breaks a retest of 1.26200 is in play. These levels are our key buys zones. If market opens to retest these supports we will be looking for a buy.
If 1.28000 resistance breaks look for the first retest at 1.28500. If that breaks momentum will increase to 1.29500 for huge gains.
ENTRY: I am looking for an entry position based off MACD and SIGNAL play out. If there is a divergence I’ll sentiment towards a resistance breach unless there is a rejection Wich would confirm a fake out divergence. If MACD/SIGNAL cross down with a close out (as presented on 1 hr chart) I’ll sentiment a support retest.
I am heavily correlating DXY chart as we found support again at 90.000 with a seemingly pivot. This is a key level for DXY that previously was a strong resistance which is now finding continued support ( which in my strategy we change to support) That being said a breach through resistance levels may be the play out for this pair. My previous DXY posts are attached.
This is extremely detailed so observe carefully and please comment with thoughts and ideas. Thank you.
