A long-term view of the EU, as we observe closely DXY there is a possibility of targeting 0.90/0.80 levels.
A request to analyze this from Ndosi, looking forward for the pair to hit the weekly invalidation level. Still bullish and keep looking for a good entry, in case we go below the entry as indicated on the chart then we look for SSL and FGV then enter. Ndosi if you make money on this you have my MM number.
Looking to by above-doted line and considering the invalidation point, if not then on the dotted line the pair might reverse to collect liquidity before it continues with its bullish move.
Looking for long term buys if the invalidation is respected and structure.
Looking at GU with the same trend as EU as the recession on DXY looms, however, there is the possibility of collecting liquidity below. We wait.
Looking for buys as the dollar is set to decline due to recession.
Retrace to the previous structure and continue with the bullish trend towards D equal highs.
Looking to sell it at a premium, when the price retrace to the previous strong bearish OB, collect all those SL moved with long-term sellers and then come to sweep equal lows
If we break 81.800 prie will continue we will to buy and target the previous peak. Trade what you see and not what you expect. Goodluck.
With the dollar on demand we expect bearish movement on cable and EU, Monday/Tuesday will give us confirmations. Trade what you see not what you expect.
We have two key levels I expect price to reach the first key level and if there are any indications we continue with the second TP. Price is currently retesting the invalidation area and won't be surprised by any stop-hunt. Below 89 then we might see price targeting 86. Remember price is always right. New month new liquidity. Good luck.
After the bears run it's time for the index to seek higher prices, plenty of gaps and liquidity regions for price to reach, we might see new highs in Feb or March. However, the market is always right so let's observe. Wish you good trading.
I expect price to grab liquidity at 42900 then go for BSL at 46200. Looking to go long on this on Monday/Tuesday.
Daily and 4HR structure respected we can expect the price to reach for liquidity at 73200.
Are we done with the inflation? Is it time for the dollar to decline? It failed to rally beyond 97 looking for a drop up to 95 or a two-week consolidation phase, for now, I am bearish.
There is a pool of liquidity above 1646 looking for price to reach that level, there are other fundamental reasons with the US economy.
I am on this trade already from Monday, targeting 300+ pips, if it breaks and the 4HR structure then I am 50% closer to my target. Good luck if you are following it too. I feel like giving my trades moral support...like go GA, go GA....you can do it.
If the dollar breaks above 97.00 then we can short other foreign currencies against the dollar. If it does not then we are bullish on foreign currencies. I use DXY as extra confirmation, you can see on my published idea NZDUSD I am bullish but waiting patiently for DXY. Waiting for price action to validate or invalidate our ideas. Good luck.