EURUSD counter trade could be upon us very soon back to the 50 DMA. This seems like a capitulation move into support. DXY is showing very similar.
I am looking at the 50 BBs support after a large expansion, as well as the midline of the parallel channel formed for 2020.
I am looking at the 50 BBs support after a large expansion, as well as the midline of the parallel channel formed for 2020.
Comment:
This seems like a pretty standard correction. Again if the below area holds (along with the Weekly ATR Stop) I believe the target will be a backtest of the 50 DMA.
Comment:
DXY shows similar setup (as expected)
Comment:
First target approaches here. Final target remains the 50 DMA backtest.
Trade closed: target reached:
Trade complete on D ATR Stop Backtest + 50 DMA 👍🏻
Find the edge.
Website: www.daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: www.youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: www.paypal.me/mortdiggiddy
Website: www.daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: www.youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: www.paypal.me/mortdiggiddy