Remember, when the dollar index buys, everything else paired with the USD sells
SO WHATS NEXT FOR EURUSD?
Eurusd has for weeks been bullish, and last week CPI pushed eurusd even higher and left it consolidating inside that D1 order block.
Meanwhile, DXY sold deep, on which I'm expecting a huge retracement to fill in the liquidity void it created.
As DXY makes this bullish retracement, EurUSD should also be making its bearish retracement to fill in the buyside sellside inefficiency it created past few week, after which it should contiue its rally up.
ANNOTATIONS EXPLAINED:
The arrows on the chart show two possible moves on this pair.
Ill look to go long on the bullish order blocks the arrows bounce at with my stops just below that last downclose candle that caused that impulsive move up.
Good luck and good trading
#TheBestTraderAlive
SO WHATS NEXT FOR EURUSD?
Eurusd has for weeks been bullish, and last week CPI pushed eurusd even higher and left it consolidating inside that D1 order block.
Meanwhile, DXY sold deep, on which I'm expecting a huge retracement to fill in the liquidity void it created.
As DXY makes this bullish retracement, EurUSD should also be making its bearish retracement to fill in the buyside sellside inefficiency it created past few week, after which it should contiue its rally up.
ANNOTATIONS EXPLAINED:
The arrows on the chart show two possible moves on this pair.
Ill look to go long on the bullish order blocks the arrows bounce at with my stops just below that last downclose candle that caused that impulsive move up.
Good luck and good trading
#TheBestTraderAlive