EUR:USD Strong Sell Opportunity (In Accordance to DXY)
There are a series of factors that makes this analysis special.
- Showing strong signs of $1.24 rejection on monthly time frame
- Bearish Order Block @ $1.16 (Monthly TF)
- Sell Stop @ approximate levels $1.23800 - $1.24 (Expect a raid pushing price to $1.245 to $1.25, those are OTE's for sell)
- Pivot Point rejection @ $1.23163 ($1.23160) multiple times.
- Key 50% Fib level @ $1.21 on daily time frame (Previous resistance which will be current support)
- Beginning to Middle of May is a strong time for USD which causes my bias to be short.
Wait for retest of monthly highs and take the sell, we should be seeing a nice rally down.
- Showing strong signs of $1.24 rejection on monthly time frame
- Bearish Order Block @ $1.16 (Monthly TF)
- Sell Stop @ approximate levels $1.23800 - $1.24 (Expect a raid pushing price to $1.245 to $1.25, those are OTE's for sell)
- Pivot Point rejection @ $1.23163 ($1.23160) multiple times.
- Key 50% Fib level @ $1.21 on daily time frame (Previous resistance which will be current support)
- Beginning to Middle of May is a strong time for USD which causes my bias to be short.
Wait for retest of monthly highs and take the sell, we should be seeing a nice rally down.
Comment:
I have buy limits placed around $1.21.
Comment:
Currently up 80+ pips, still expecting to see a raid on stops.
Comment:
Scary....