Looking at the
US30USD
daily chart, the trend is bullish. I drew some indications on the daily for an optimal entry point on the reversal. Looking deeper at the H4, the OTE has already occurred, but is in off hours of trading.
The key here is to look at the London session and hopefully see a pullback off of the intermediate high that was hit earlier. The grey box indicates an area of indecision.
Hopefully, London session will cause a pullback to the OTE entry. If so, I hope to see a run on stops, so I can trigger an entry. This lines up with
XAUUSD
on the same (downward, bearish trend) with a FVG showing on the smaller timeframes.
This trade would be a swing trade leading into Friday am TRADING.
US30USD
daily chart, the trend is bullish. I drew some indications on the daily for an optimal entry point on the reversal. Looking deeper at the H4, the OTE has already occurred, but is in off hours of trading. The key here is to look at the London session and hopefully see a pullback off of the intermediate high that was hit earlier. The grey box indicates an area of indecision.
Hopefully, London session will cause a pullback to the OTE entry. If so, I hope to see a run on stops, so I can trigger an entry. This lines up with
XAUUSD
on the same (downward, bearish trend) with a FVG showing on the smaller timeframes. This trade would be a swing trade leading into Friday am TRADING.