TradingView
Elite_Markets
Aug 26, 2020 8:07 AM

Sideways Market  

TVC:DXY240
U.S. Dollar Currency IndexTVC

Description

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Usd moves from an uptrending market to a sideways market. The Market range is between 92.96 and 93.34

Now let’s see what will happen next: A break and close below 92.96 or above 93.34 ?

Comment

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30 min left to see if we have a break below :)...

We manually close our trades in loss. (Hope you’ve see updates)

Comment

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Price fails to close below... we wait for the next bar to end

Comment

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We have our confirmation that usd will continue to trade lower... price close below 92.96 now we can look for buy on XXXUSD pairs and sells on USDXXX

Comment

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#AUDUSD buy stop at 0.72400
Risk= 2%, Stop loss: 0.72000(40 pips)
Take profit: 0.73600(120pips)

Comment

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#EURUSD buy stop at 1.18400
Risk: 2%, Stop loss: 1.18100(30 pips)
Take profit: 1.19300(90pips)

Comment

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#GBPUSD Buy stop at 1.32200
Risk: 2%, stop loss: 1.31700(50pips)
Target open

Comment

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#USDCAD Sell stop at 1.31300
Risk: 2%, stop loss: 1.31800(50pips)
Target 1.29800(150pips)

Comment

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#USDCHF sell stop at 0.90720
Risk: 2%, stop loss 0.91000(28pips)
Target open

Comment

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#USDJPY sell stop at 105.970
Risk: 2%, stop loss 106.200(23pips)
Target 1: 105.000(97pips)
Target 2: 104.200(177pips)

Comment

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#GOLD buy at 1949.5
Stop loss at 1926.5(230pips)
Target 1: 2007.0(575pips)
Target 2: 2060.0(1105pips)

Comment

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We’re stopped out on USDJPY. Keep holding others trades, USD doesn’t show a sign of strength so far

Comment

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If you follow Risk management you should be not in more than 4% Drawdown right now. I’m experiencing 3.6% DD

Comment

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Did you see what is happening on 1hr ?
There’s a QM who is taking place. In the next candle end we will see if it will like the last QM we entered on USDCHF and continue his move down or if he will works out and create a false resistance Breakout.

Let’s stay online and see what happens next

Comment

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... if it will fail like...

Trade closed manually

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Guys the QM is working out... delete pending orders and close open orders. We are going to move on the other side of the market

Updates ends here
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