I know a lot of traders are waiting for the break of 1.05 and 1.045 and later a parity in EurUsd.
So far we are just bouncing from the multi month trendline and printed a daily swing.
If I'M waiting for DXY to break down and top in the megaphone top I should be waiting for EurUsd to print a bottom and rally towards 1.100.
Indicators:
TSI is crossing over (Notice TSI is turning up from super oversold levels like 2015. March)
RSI is turning up and leaving overbought
Today we have a daily swing and the swing was not erased. We printed a steep decline with 6 days of panic selling and today we bounced from the multi month trendline.
This is a low risk long entry with a stop below yesterday's low (1.0550)
NEW LONG ENTRY
So far we are just bouncing from the multi month trendline and printed a daily swing.
If I'M waiting for DXY to break down and top in the megaphone top I should be waiting for EurUsd to print a bottom and rally towards 1.100.
Indicators:
TSI is crossing over (Notice TSI is turning up from super oversold levels like 2015. March)
RSI is turning up and leaving overbought
Today we have a daily swing and the swing was not erased. We printed a steep decline with 6 days of panic selling and today we bounced from the multi month trendline.
This is a low risk long entry with a stop below yesterday's low (1.0550)
NEW LONG ENTRY
