Analysis:
This setup is very much like our ETHUSD setup. The same applies for this idea, we need to see positive figures come out for unemployment claims for this idea to become valid. If we see worse then expected figures then we'll need to wait for more bullish momentum for the USD.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
- Strong downwards trend
- Retest of a key level
- 38.2% fib level touch
- 100 EMA close by
- Downwards trendline close by
- Recent USD strength
- Current crypto bear market
This setup is very much like our ETHUSD setup. The same applies for this idea, we need to see positive figures come out for unemployment claims for this idea to become valid. If we see worse then expected figures then we'll need to wait for more bullish momentum for the USD.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
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