The dollar is really close to it's weekly demand, while the momentum is still DOWN, but it is logical NOT to look for sell due to price location being too close to demand area.
On the Daily, Down momentum was broken and confirmed last week, so on this TF we can start looking for buying opportunity.
on the 4H, newly created demand last week was the source of the move that broke the daily down momentum line and a good place to buy if price come back to it.
Have a good trade
On the Daily, Down momentum was broken and confirmed last week, so on this TF we can start looking for buying opportunity.
on the 4H, newly created demand last week was the source of the move that broke the daily down momentum line and a good place to buy if price come back to it.
Have a good trade