With the chaos from last week we saw this pair sink below a flat kumo and complete the early stages of a kumo twist. I am biased towards a sell but for this setup I want to see a breakout of the level I am watching. An alternative entry would be a drawback to the flat kumo and rejection to enter a sell. Depending on how the market moves after open will determine which entry I look for. I've drawn out a few potential Take Profit levels I'll be targeting should I enter the sell, with the long term swing target being the previous structure low from a couple weeks ago. The overall movement required for this set up with be determinate upon how the FED reacts to comments that Trump wants to keep a weaker USD to bolster spending and continue to increase the economy. If our bearish confirmations change or we fail to break the level I am watching, this setup may become invalidated.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.