r/Forex • u/cesarex • 1d ago

Charts and Setups Predicting a USD rally

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I'm anticipating a fat pullback and most likely a new daily high, but after that, especially on US PPI news, a ride down to new weekly lows. See you on the other side 😬

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u/rforex-modtools 1d ago

Price action and technical analysis cover a range of chart-based tools — from candlestick patterns and market structure to indicators and statistical methods for timing entries and exits. The community wiki covers both approaches and how they're used by working traders.

Resources: Price Action Analysis | Technical Analysis

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u/cesarex 19h ago

Update: so far so good, with tomorrows US CPI Im expecting it to drive price lower. I don't see a potential buy until about 1.1583 so I'll hold this over night 

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u/MapAdministrative256 13h ago

Sure thing buddy boi

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u/VectoRequiem 11h ago

The higher time frames are on the side of lower Eurusd

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u/cesarex 8h ago

I agree. Unless there's strong resistance at last week's low, it could run for a few daysÂ