Sonny
Sonny

Sonny

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Full time trader and investor specializing in Elliot Wave Theory, market psychology and macro cycles.

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Joined on 17th June 2025

Sonny
Jul 22, 2026Public Post
EURUSD daily retested the RSI trendline breakout yesterday. Bearing in mind that there is big BB compression on EURUSD we are likely about to see the start of a new trend. Intuitively I still think we are very close to the yen carry trade unwinding and DXY collapsing, just like August 2024 and April 2025. Still nothing confirmed, I am prepared for whatver plays out. But it just does not look like EURUSD is going to drop so I think we could be in for a pretty wild couple weeks from here on out if I'm right.
EURUSD daily retested the RSI trendline breakout yesterday. Bearing in mind that there is big BB compression on EURUSD we are likely about to see the start of a new trend. Intuitively I still think we are very close to the yen carry trade unwinding and DXY collapsing, just like August 2024 and April 2025. Still nothing confirmed, I am prepared for whatver plays out. But it just does not look like EURUSD is going to drop so I think we could be in for a pretty wild couple weeks from here on out if I'm right.