3 point touch confirms a down trend. It may be time for Usd to adapt a dovish position and let the market adjust properly and until equilibrium is met again. This is also good because more countries can stock up on their dollar reserves if they so choose.
Uj trending down Phase 1 as it closed as sellers bar yesterday. Shorting it is the way. If looking for an entry, check at lower time frame where 200 ema is breaching down
All information priced in. Having breached 200 ma, and old highs broken, eu probably will bounce down then continue the trend up.
Strong short if Yuan breaks thru the floor. As all information is priced in. 200 ma breached, price may bounce up and continue down.
ALL INFO PRICED IN. After previous trend break, price tried to rally but was halted by the 200 ma, and high were getting lower and low getting lower, only issue is, we're in phase 2, the shorter up phase before the longer down phase. Wait for the setup, when daily closes as red, 4h closes as red, that's the time to find an entry.
While the daily ended with yesterday's phase 2 in a down trend cyclicity; today may be a new phase one because of the confluence and the daily bar breaching price action.
Lower highs and lows getting lower, there is a trend down but not confirmed until a price going lower happens.
The down trend is now trying to break the ceiling based on historical support levels. Worth considering for your positions.
Highs become higher and lower highs become higher. And so, look for long positions for EU.
Daily highs go lower and lower lows go lower. Based on the previous, the trend is bearish. Thus, if planning to trade, look for short entries.
Daily highs become lower and daily lows become lower, then the probability of price in bearish trend continues. If d1 is down trend and 4h is down trend. If you plan to trade today, do so in a short position.
All information priced in Price may bump up and down the channel. And since the trend is downwards, it may break out down too. So keep no bias and keep an eye on the charts.
Price will bounce in the channel, for awhile but continuing upwards. For now we are probably halfway or third up.
As all information is priced in. The old hurdle, the Daily high of last year, has been breached. Where we go from here is new territory. Here's to the uptrend.
Back to basics. When in doubt, plot the lower lows and lower highs. Keeps confusion off the table.
As the long term trend is in favor of an uptrend, but the recent ones confirm to a short. However, prices have met the weekly support and is now testing if Chinese yuan will get stronger
Long term, trend is downwards, but short and nearest daily trend, trending up. But historical resistance or ceiling is being met and price bounces and tests it repeatedly. Will it break eventually? Let's have no bias and let the charts lead us to possibilities.
The nearest trend shows uptrend but for price to rise more it has to hurdle the weekly resistance on top. It could bounce down before breaking up. Something to look forward too this week