BEARISH COUNT - Is there a top in place?
Hello traders,
this is a possible wave count on the EURUSD, providing a bearish scenario.
US bond yields are rising rapidly providing strength into the USD. the DXY is currently trading under a key trend line resistance (see the comment section below).
FED Chair Jerome Powell has attempted to calm inflation fears this week during his testimony, however the market appears to be ignoring his comments.
Initially, we thought wave 5 had not completed, however, if there is a break back below the neckline of the inverted head and shoulders formation, then we can assume a top is in place and we are set for a deeper correction.
If anyone has any other wave counts please share below in the comment section!
this is a possible wave count on the EURUSD, providing a bearish scenario.
US bond yields are rising rapidly providing strength into the USD. the DXY is currently trading under a key trend line resistance (see the comment section below).
FED Chair Jerome Powell has attempted to calm inflation fears this week during his testimony, however the market appears to be ignoring his comments.
Initially, we thought wave 5 had not completed, however, if there is a break back below the neckline of the inverted head and shoulders formation, then we can assume a top is in place and we are set for a deeper correction.
If anyone has any other wave counts please share below in the comment section!
交易進行
The EURUSD is coming into the 1.618% FIB extension around the 1.1720 support. Over the past couple of weeks, the key theme the market has been concentrating on has been rising interest rates on US Treasuries resulting in a risk-off sentiment.
The question now is are we approaching a bottom on the corrective structure, or has the USD got more legs to the upside.
Please let us know your opinion below!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。