Hello everyone, if you like the idea, do not forget to support with a like and follow.
Exactly the opposite of the DXY. EURUSD rejected the blue resistance area 1.23 - 1.25 and we can clearly see that the sellers are finally gaining strength.
EURUSD was overall bullish making higher highs and higher lows (in orange), found rejection around the blue resistance, and then the sellers broke below the last low which significate a potential shift in momentum from bullish to bearish. (as shown by the purple projection - semi-circle)
So the sellers took control, and the bearish trend started after EURUSD made a lower low and a lower high (in green).
As per my trading style/plan, Since EURUSD is overall bearish, we are expecting another lower high and lower low. So we will be looking for sell setups on lower timeframes on the retest now to catch the next impulse.
The bears are in control unless of course, the bulls manage to break above the previous high.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Exactly the opposite of the DXY. EURUSD rejected the blue resistance area 1.23 - 1.25 and we can clearly see that the sellers are finally gaining strength.
EURUSD was overall bullish making higher highs and higher lows (in orange), found rejection around the blue resistance, and then the sellers broke below the last low which significate a potential shift in momentum from bullish to bearish. (as shown by the purple projection - semi-circle)
So the sellers took control, and the bearish trend started after EURUSD made a lower low and a lower high (in green).
As per my trading style/plan, Since EURUSD is overall bearish, we are expecting another lower high and lower low. So we will be looking for sell setups on lower timeframes on the retest now to catch the next impulse.
The bears are in control unless of course, the bulls manage to break above the previous high.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.