As is stands i am expecting the DXY to go down (See previous post) which means we will be looking for XXX/USD Longs. Here we have EUR/USD which is at a AOI for me, its forming a falling wedge along with the DXY forming a rising wedge giving good indications that we could see a reversal soon. I have marked out 2 Long scenarios here.
Risk entry will be the 3rd touch of the bottom trend line
Safe entry is break and re test of the falling wedge
Lets see what next week brings! :)
Risk entry will be the 3rd touch of the bottom trend line
Safe entry is break and re test of the falling wedge
Lets see what next week brings! :)