As the market closes above our resistance zone a few days ago, I predicted the market would go continue it’s downward direction before possibly bounce back down.
The market then gives a bearish signal, so I pointed out a level that has been tested multiple times as strong support and resistance.
The market went a bit more than expected but then it bounces up again.
With DXY falling, I am expecting the market to continue it’s upward move.
You can look for possible shorting opportunities on the next resistance zone.
That’s my analysis for this pair. Let me know what you think down in the comments! 😁
If you liked this analysis, please give it a thumbs up! 👍🏻
At the of the day, you have to trust and use your own analysis. Enter with your own specific entry reasons. Don’t forget your Risk Management.
Have a great day! Trade GREEN! ✅
The market then gives a bearish signal, so I pointed out a level that has been tested multiple times as strong support and resistance.
The market went a bit more than expected but then it bounces up again.
With DXY falling, I am expecting the market to continue it’s upward move.
You can look for possible shorting opportunities on the next resistance zone.
That’s my analysis for this pair. Let me know what you think down in the comments! 😁
If you liked this analysis, please give it a thumbs up! 👍🏻
At the of the day, you have to trust and use your own analysis. Enter with your own specific entry reasons. Don’t forget your Risk Management.
Have a great day! Trade GREEN! ✅