EURUSD long trade.
Rejection of prior lows and ascending trend line
At major support level
DXY at major resistance - Expecting a rejection and bearish move from here
Dollar monthly head and shoulders in play. Expecting a bearish dollar until the end of the month to give a weak candle close.
R:R 1:5.96
Rejection of prior lows and ascending trend line
At major support level
DXY at major resistance - Expecting a rejection and bearish move from here
Dollar monthly head and shoulders in play. Expecting a bearish dollar until the end of the month to give a weak candle close.
R:R 1:5.96
Trade active
Comment:
Trade active upon 1hr rejection of trend line and prior lows
Trade closed: stop reached:
Stop loss hit. -0.8%