Nothing complicated here.
Just waiting to trade the long continuation on the 4H timeframe.
Will need a decent 4H bullish candle close to open a trade here.
Confluences:
1) Respecting ascending trendline (yellow line)
2) 50EMA
3) Immediate minor support (white box)
With the double top in mind (1st top around 30 July), this might still be a risky move.
But I'll open a long trade here if we get a bullish engulfing 4H candle close.
Just waiting to trade the long continuation on the 4H timeframe.
Will need a decent 4H bullish candle close to open a trade here.
Confluences:
1) Respecting ascending trendline (yellow line)
2) 50EMA
3) Immediate minor support (white box)
With the double top in mind (1st top around 30 July), this might still be a risky move.
But I'll open a long trade here if we get a bullish engulfing 4H candle close.
Comment:
Stopped out.
Looks like DXY still wants to go up.
Looks like DXY still wants to go up.
Long trade executed.
SL below the lows.
All the best guys!