Reaching daily TL, waiting for fib to complete
If price holds around highlighted area, I will wait for a break of the descending trendline to enter longs
we are reaching 78.6 fib level, plus trendline, will be watching PA for possible rejection or break.
I will look for an entry if price respects the highlighted zone. if we break to the down side, 1.05200 will be the next level to watch for.
Broke TL on 30m, waiting for at least a H1 close, then a retest of highlighted area for entry
waiting for break/retest of trendline, a HH on H4, will enter upon retest of previous resistance/support
watching these two areas for rejection. At 78.6 on daily fib
Zone to zone, ill go where the market takes me. I always wait at least for a h4 candle closure, and a retest before I enter. At the moment I prefer Longs
if we can stay below the highlighted zone, I see further downside
monitoring price action for possible sells, prefer to wait till US session, or maybe even mid week. Patience.....
I personally prefer to sit back and watch, there will be many opportunities aligning. sometimes we just have to preserve our capital. Good luck 104.00 is the next level I will watch for on DXY