It appears that the DXY was searching for more liquidity before continuing its decline. There are good buying areas for the EURUSD, as the liquidity swept to the bottom, and the immediate rebound indicates the strength of this area and can be considered a buying zone.
This area coincides with the 61 Fibonacci support line, confirming the possibility of an upside move.
The GBPUSD was targeting the bottom to trigger a liquidity sweep on the weekly timeframe. This is also an SMT signal, but it is somewhat weak, but it confirms the complete vision of the analysis.
This area coincides with the 61 Fibonacci support line, confirming the possibility of an upside move.
The GBPUSD was targeting the bottom to trigger a liquidity sweep on the weekly timeframe. This is also an SMT signal, but it is somewhat weak, but it confirms the complete vision of the analysis.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.