Been holding onto this TA for a while now. I posted it on twitter a lot earlier, you can follow me @thecolour_red.
On the chart you'll find 3 seller owned levels and one key liquidity area below that holds bullish sentiment. Currently, 100.39 has rejected price and is being challenged by buyers in the aforementioned zone.
Fundamentals:
-the rejection was printed before the Core Durable Goods figure release and the flow was corroborated on the DOW
-additional QE will drive down the bid in the long term
Sentiment:
-Dollar is overvalued at the moment when compared to G7 currencies
Price action:
-major squeeze playing out, as you can see from the chop of last week's PA on lower TFs
-more patterns printed on lower TFs
Technicals:
-double top and resistance holding
-price currently in range (floor is the bullish area)
Additional notes:
-BoJ MP statement early in the week (key part of macro analysis and will add bias to global flow)
On the chart you'll find 3 seller owned levels and one key liquidity area below that holds bullish sentiment. Currently, 100.39 has rejected price and is being challenged by buyers in the aforementioned zone.
Fundamentals:
-the rejection was printed before the Core Durable Goods figure release and the flow was corroborated on the DOW
-additional QE will drive down the bid in the long term
Sentiment:
-Dollar is overvalued at the moment when compared to G7 currencies
Price action:
-major squeeze playing out, as you can see from the chop of last week's PA on lower TFs
-more patterns printed on lower TFs
Technicals:
-double top and resistance holding
-price currently in range (floor is the bullish area)
Additional notes:
-BoJ MP statement early in the week (key part of macro analysis and will add bias to global flow)
تم فتح الصفقة
Technicals:-99.80 could play as support
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.