DXY Daily: - Inverted Head and Shoulders on the daily. Would like to see a break of the neckline before making any big decisions on the USD Pairs - Break and Retest of the descending channel - Counter trendline being respected well currently - Completion of right shoulder matches up with 0.5 / 61.8 fib retracement
Need to fall channel retest and collect power to break resistances.If you like please support with like and fallow.Thanks Check my other charts...
If Bitcoin's bullish momentum will continue we could see the digital currency reaching 6000$ to complete a bearish AB=CD pattern. The PRZ, based on the pattern completion and Fibs confluence is between 6000$ and 6300$
DOLLAR INDEX - Daily, Bearish Bat Pattern
Break out the structure it will be nice move for the next week
After the breakout of an Inverse Head and Shoulders the USD Index hit the 93.635 area as highlighted last week. The near term uptrend is still intact meaning we are looking for further advances in the USD Index. However, price is currently at a key area of resistance (93.635) which has the ability to reverse the near term trend. As long as price stays above the...
DXY — Reversal now. Target — to the moon. SL — on chart. Good luck.
Hello traders, I'm expecting dxy to come back down to 92.28. that will be a perfect buying area with a TP of 95.50 or 96.60.from there we can look to short. Any thoughts?
Great news for Dollar bulls. On the weekly time frame the dollar index has finally broken the upper range. This is a strong indication that we might finally see a trend reversal and a stronger dollar over the next weeks. Previous down trend lasted 25 weeks if you start counting from the start of the channel. If you like to hold position for a few days and make...
The USD Index confirmed the breakout of the Inverse Head & Shoulder pattern last week clearing the way for further advances towards the 93.635 and 94.630 areas of resistance to the upside. A re-test of the broken resistance area of 92.565 turning support would provide a great area to look for long opportunities. Advances in the USD Index should drive USD Strength...
Gold is testing the PRZ of a bearish Gartley. Last week Gold broke out of a trading channel... that's a bullish sign but GLD is still inside a resistance zone. If it will break higher, the next potential Sell Zone will be at the completion of a bearish AB=CD pattern (pink). In such scenario 130$, which act as resistance right now, will turn to potential support...
www.tradingview.com DXY entered demand zone yesterday @ 91.42-91.56 and react powerfully upwards to resistance area 92.48-92.73. Expecting market to ultimately break higher but no trading for me. Not favorable to join the train now. 92.93 is the next level of turning point. Should market break up from current resistance zone and create a false break I will...
I would like to start this idea with an idea I posted nearly a year ago: Most of us here are short term traders. Some are thinking in hours , some in days and a few in weeks. The funds and banks are playing in months and years. "It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. ...
Index USD correction Signal: Buy - $91.95 Stop Loss - $90.75 Take Profit - $93.20
Disclosure: RM Long. Price not disclosed. Entered on 08Sept17. Shorts being squeezed. Seems a crowded USD bear trade with stretched indicators and price at important price zone. Already added 25% original size in 36hr consolidating flag breakout. Looking to build into this again if opportunity presents, conscience not to damage the R:R profile of the original...
DXY reached the low of 91.01 and it seemed to reverse at that point. That is the lowest point since January 2015. We are consolidating near the trendline which indicates that we are going to have a flag. If this was a reversal i believe we would already have been rejected and would be down. There is a chance this could turn to a 5 wave structure but it is mostly...
Trend Is Your Friend We've been running long on EURUSD and have a failed opportunity on our monthly retracement (check tag link). After the major break made this week on the highest level, I see the market going further to make a new high near the monthly support zone. This level is complemented by Fibonacci ABCD pattern. A retest/retouch is always a compliment to...