Usually after a big move the price consilidates for a while.
USD will probably try to get up once.
This could be the ultimate area to enter a long
A second Swing up is expected.
It looks like the consolidation will continue, and if so it´s likely to go up to latest highs, if not this is a very small risk.
Usually before an upswing it goes down violently, which is happening right now.
The fast support could be a launchpad for next wave up.
A nice risk/reward ratio, the trendline just have to hold.
1) Broken uptrendline
2) Instact downtrendline
3) Failed at resistance level
Failed at resistance and are now breaking trendline.
My custom ea signaled a long here.
If the new channel holds the rewards can be huge.
My custom Blockchannel EA signaled a short
The downtrend accelerated and that usually means it is near the end.
My EA (that according to backtests works in the long run for all currencies) is signaling a long here.
On the way up some bumps will come along. Keeping a really tight stoploss