1. DXY in consistent uptrend supported by higher interest rates and geopolitical scenario.
2. Euro is in a consistent downtrend and still has room to reach its bearish extreme.
3. From last 3 weeks: During last week of September 2023 until 20 Oct 2023, consolidation in price action indicates accumulation.
4. Next step is expected to be manipulation and then finally the expansion.
5. Seasonal tendency supports the idea until third week of November.
Entry: 1.0695 (weekly bearish orderblock)
Stop: 1.0735 (40 pips) distal extreme of weekly orderblock
Profit Target: First target is recent low targeting 235 pips 6R @1.0460 then further extension likely to 230 pips @ 1.0230 making it 11.6R.
2. Euro is in a consistent downtrend and still has room to reach its bearish extreme.
3. From last 3 weeks: During last week of September 2023 until 20 Oct 2023, consolidation in price action indicates accumulation.
4. Next step is expected to be manipulation and then finally the expansion.
5. Seasonal tendency supports the idea until third week of November.
Entry: 1.0695 (weekly bearish orderblock)
Stop: 1.0735 (40 pips) distal extreme of weekly orderblock
Profit Target: First target is recent low targeting 235 pips 6R @1.0460 then further extension likely to 230 pips @ 1.0230 making it 11.6R.
ASG
Humility & Discipline.
Humility & Discipline.