EURUSD UPDATE Price broke out of the downtrend and has now fallen back inside the trendline. We currently see USD strength dominating the Euro — momentum favors sells. There are still lower liquidity zones that need to be cleared. I’m in on the sells, targeting those areas. Stay disciplined and let the market play out. 📉
EURUSD UPDATE Looking for sells. As traders, we act not react. The previous setup confirmation is now invalid, so stay patient and wait for clean entries.
EURUSD ANALYSIS 📈 We’re spotting an Inverted Head & Shoulders pattern forming a strong bullish signal in play. ✅ Zone filled: Price has completed its retest of the right shoulder, next target is the neckline 🎯 Entry idea: Look for buys once structure confirms 🛑 Stop loss: 1.15785 (below the head) 🏁 Take profit: 1.17269 (previous high / liquidity zone) Momentum is shifting stay patient, wait for confirmation before entry. Trade smart, not emotional. 💪
OK, here's my chart, I hope. I've never figured this out on my phone. On the daily chart, I'm looking for a close today (trading view daily close) above 1.1615, that would clear the high wick from Oct. 14th. Then attack or reject off the double tops at 1.163 from Oct. 10th and Oct. 13th. From there if it's still valid, possible retest of the lower low formed on Sept. 25th at 1.163 which took out the low from Sept. 11th at 1.1658. Those are my road blocks with in my current trade plan. It could all fail or take days to play out. Red folder news on Friday. After the 3 white solders last week, I was extremely surprised we did not not take out highs any higher than 1.172. I don't think it went far enough. Not that I'm bullish, I'm actually looking to get into sells, I just don't think we are there yet. My sell target is 1.143 but I think that will happen from a higher level. 1.165 could hold strong resistance, but that just means more liquidity above it. Hence, I think the sweep will be above 1.168/1.172 range and by then....everyone will have turned bullish. But I don't think a weak dollar is the play for Q4. Dxy will struggle and need some serious force to break 100 and retest 102/104 levels and that's what I think will happen over the next couple of months. Sorry for my smack talking. p.s. not sorry