Hi traders, dolar is preparing for that wave to the downside and 88 area. On lower tf you can see that we are having abc correction for continuation to the downside, so price might drop anytime soon. My target is under previus low at 88.24. Wait for price action or strong breakout before selling, price can still push bit higher. Will update bigger picture below, to explain why i expect price pushing towards 88 area. Stay patient!
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As you see i expect price to push toward previus low which is around 88.24, there i want to see if price will hold and reverse or it will push lower. So far i dont see anything possitive for usd currecny that would push price higher before atleast breaking previus low at 88.24
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Dxy make new high, but its now ready to drop. I think that NFP news will push dolar to the downside
Trade ist aktiv:
Price break lower
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Price make nice sell impulse, wait for correction for continuation
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Price is making correction, watch it to add trades
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Watch for continuation to the downside.
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Nice breakdown, enjoy ur profits
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watch for breakout and continuation
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Expect continuation