I know a lot of traders are waiting for the break of 1.05 and 1.045 and later a parity in EurUsd. So far we are just bouncing from the multi month trendline and printed a daily swing. If I'M waiting for DXY to break down and top in the megaphone top I should be waiting for EurUsd to print a bottom and rally towards 1.100. Indicators: TSI is crossing over (Notice TSI is turning up from super oversold levels like 2015. March) RSI is turning up and leaving overbought
Today we have a daily swing and the swing was not erased. We printed a steep decline with 6 days of panic selling and today we bounced from the multi month trendline. This is a low risk long entry with a stop below yesterday's low (1.0550)
NEW LONG ENTRY
Comments
UnknownUnicorn540299
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It's actually a trendline from the beginning of the milennium :)