Lets study how price interacts with the ascending trendline
A very common theory for retail is that these Higher highs and Higher lows signify a bullish trend
Pair these lows with a trendline and we have ourselves a classic buy
However I believe price should break down lower into the $105.030 level
Pair this with Bearish DXY and we have ourselves a solid short narrative for a short swing
A very common theory for retail is that these Higher highs and Higher lows signify a bullish trend
Pair these lows with a trendline and we have ourselves a classic buy
However I believe price should break down lower into the $105.030 level
Pair this with Bearish DXY and we have ourselves a solid short narrative for a short swing
Trade closed: target reached:
Study complete. Ditch the trendlines... stop the madness.
Study complete. Ditch the trendlines... stop the madness.