aprich310

aprich310

I'm bearish on UJ. It broke bullish structure and the yellow consolidation area to the downside. Now I'm waiting on a retest of that same structure level (which also lines up with the 61.8 fib) for an entry for a sell trade down to the weekly demand level. And the DXY is currently weak and looks to continue to the downside. DXY goes down then so do USDXXX pairs.

aprich310

EU has broken a descending trendline on the 4H chart. It is currently retesting the trendline, support level, and the structural point. The DXY is currently weak so this provides extra confluence that XXXUSD pairs would be bullish.

aprich310

For AUDUSD, I am bullish. Price has broken a descending trendline from the 4H chart and also broke through a resistance area with a strong bullish candle. The DXY is currently bearish which also would provide confluence for XXXUSD pairs to go into a buy. I am watching price now for a pullback to a major fib level and then enter on that retest.