The USD has been bullish for the las 4 weeks, and is currently trading at a weekly resistance level.
DAILY
From the daily standpoint, we are already seeing a reaction around this level in the form of an accumulation. If the weekly candle fails to break above the level, we can expect a retracement back to the daily as we already have a tweezer tops and an engulfing daily candle.
4H
The 4h timeframe is still bullish as the ESSL was not tapped.
I am aiming for the 105.8 area, which is the -27 fib extension
DAILY
From the daily standpoint, we are already seeing a reaction around this level in the form of an accumulation. If the weekly candle fails to break above the level, we can expect a retracement back to the daily as we already have a tweezer tops and an engulfing daily candle.
4H
The 4h timeframe is still bullish as the ESSL was not tapped.
I am aiming for the 105.8 area, which is the -27 fib extension
Comment:
That was a perfect shot, trade idea workout perfectly anticipated