Hi great video, I am about to place my first trade based on this! It was really clear
Well done
UnknownUnicorn3549910
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@meks12,
i really appreciate your comment , hope to have profits.
i will update my profile soon with new trades .
yucangim
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i agree your ideas.
UnknownUnicorn3549910
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@yucangim, thank you mate.
hope to enjoy my analysis and have profits.
malhardasgupta85
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Your view makes sense, backed up with logic. Feedback wise, maybe you could look at a bit more fundamentals such as the overall performance of the dollar against other currencies, or news relating specifically to the Australian Dollar. Maybe a bit of technical indicators could add a little bit more to your video, such as RSI, EMA, Fibbonaci Levels etc as well along with your price action view.
On a side note, what do you think of the dollar index at the moment? It's doing pretty well, and most banks are net long on the USD, so why do you think that the dollar will weaken against the dollar? I don't trade this pair, just tryna see why you believe this point of view.
MD
UnknownUnicorn3549910
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@malhardasgupta85, Thank you about the feedback ,
firstly i am trying to keep it simple with not indicators at all , in my other analysis if you check you will see that i have put RSI,Fibbo ,EMAs e.t.c
i just believe that the price action is more important that indicators who show you previous data ,
RSI for me not working because the demand change very quickly in markets so overbought or oversold for me its just a game,
after my personal experience on crypto etc i found that oversold and overbought its just a game of laugh .
Also for DXY i dont know the banks (marketmakers ) really do , believe it or not they will not tell you if are long in USD
i see less power on dollar , from price action maybe the sells will rise down but my main fundamental is that US Nonfarm Payrolls is a disappointing .
Well done