Price has finished a wyckoff distribution and we are waiting for another leg south. Price is also forming a Head and Shoulder if you look at it. I am expecting price to pullback to 1.26 ish before we reach higher highs.
CPI brought in the UTAD spike for liquidity grab, waiting for the drop
5 years of accumulation... Phase D almost done... PCE might send it up... full margin
Trade the breakout. 5th wave are with low volume so be patient as it will take some time
Spring may or may not happen, wait for range breakout to the upside or the bottom of the range to buy.
Wait for price action in the blue box which is acting as strong supply zone.
Wait for price to break the recent lows to sell, RR should be amazing as orders have been collected for over 2 weeks.
Price also acts as major monthly resistance... let's wait and see
DXY gearing up... I expect a strong pullback before sells can be opened. Good luck!!!