//biz/
Good morning /biz/. Today we will be breaking down the top Forex pairs of the coming week. We will be looking for pairs that show clean price action and that are nearing/already at Value Areas. I will be utilizing multi-timeframe analysis and trendlines for this breakdown. Let's start with the DXY.
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The DXY rallied pretty nicely towards the end of last week and is currently approaching a bearish Value Area. Common sense tells us that we should look for sells as it neared this level, but the market has a way of turning itself upside down when things look too clean. We will be awaiting the price action reaction when the DXY reaches this level. Hoping for a strong daily bearish close that brings us back below the level.
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Next will be the USD cross pairs, starting with the Euro. EUR/USD actually lines up very symmetrically with DXY and is showing basically the same price action, but in reverse. We are looking for price to take out the first level and give a clear bullish Daily close. But we should jeep in mind the level below it as well. The candle could very well wick towards it and we don't want to get caught up in that mess. Patience and clear price action is what will keep us trading long term.
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>>62331837
I think DXY is at an inflection point. That high you marked is roughly the same high that's been tested about 5-6 times over the last year. Maybe it could fail again, but if it breaks higher, I think it would break pretty hard.

I'd be watching the yuan to possibly give some indication. It's been doing nothing but getting stronger for a year straight and it's right where it could reverse.
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>>62331830
what is your r/r ratio and success rate? for your particular strategy
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>>62332588
It's not even my strategy. I've caught successful trades, but I have yet to master it, so still unprofitable. But lots of people in the community im in have passed funding assessments with it.
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>>62331861
Based on the way it got to this level, your probably right, but I would wait for price action confirmation.

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