EURCAD on 4hr Fractal has trend shift after breaking two Lows. Also at reacting on daily bearish trendline with bearish daily price action Can aim for much lower targets than the 3:1 reward to risk
Identified an area to short. - Look out for Data realease on Tuesday 7Th of November (AUS interest Rates 3:1 reward to risk
One scalp trade with low risk pip for a scalp Current Active Another potential trade still there for a larger swing,
Looking at reshorting this after being stopped out for a swing This is more a scalp
Demand Zone 1hr Div DXY Reversal potential For my own use
Ive entered in early Asian session today after being stopped on previous long trade - Moved stop to b/e second setup if move up and stay above support and daily close, will look at another long trade for a swing.
Looking at the DXY at reversal and 4hr already shown rejection USD pairs looking for a bounce AUDUSD is at a good support
For my own reference. Entered long yesterday Will be moving S/L to breakeven. Based on upcoming potential of DXY reversal, i will be aiming for BTC to go to 29k or around there and take partials maybe on the way
I think there is more downside as marked Personally will look at short and then monitor on a daily chart when price hits important area as marked
Looking at DXY rejection (confirmed on 4hr however might have one more high for a 3drive) EURUSD at a support (Daily / 4hr support) RSI divergence on 4hr 4hr Price action bullish
Looking at 78.6 bounce, and will see what price action gives us for a better Risk to Reward
Two weeks ago looking around here and now it hit 78.6 Might have another drive up for a three drive. but looking at potential USD pairs to trade the reversal
- DXY at resistance (4hr confirmed, could have one more high to form 3 drives) - UJ touching upper channel with 4hr price action showing rejection - Daily Neg divergence RSI
Potential setup on a Daily chart. Will re-look when price gets to the zone for a reaction.
US Dollar Index Monthly CLOUDS - UP Elliot Wave - We can Identify 5 Waves up, with the 5th wave fall at 78.6 retrace Caution : 5th Wave looks incomplete as it needs another up to form the 5th wave within the 5th wave… Weekly CLOUDS - Down Its finding support as weekly closed at 105 (previous resistant) Momentum is still UP Daily CLOUDS - UP RSI Forming...
- Short at chart area (ABC correction) - Looking for lower targets however first target at demand zone -
Looking at dxy correction of c wave And usdjpy gap filled and down on a retrace before attempting further upside
Price exhaustion 1hr chart looks like a failed rally 4hr RSI divergence DXY also at strong resistance