I have published my bullish case scenario for DXY in my previous analysis. Now I'm looking at 4h and 8h timeframe and noticed M pattern with bearish divergence in 4h and rising wedge + double top with double top with bearish divergence. If this scenario plays out, it means as I mentioned in my previous analysis BTC bottomed at 17.5K on 18.06.2022 and starts its...
LOOKING AT THE 4 HR CHART I WOULD CONSIDER A LONG POSITION ON THE PULLBACK. ALTERNATIVELY IF WE BLOW THROUGH THE .618 FIB LEVEL, I WOULD LIKE TO SEE A PULLBACK TO THAT LEVEL TO MAKE AN ENTRY.
WHITE LINES ON LONG TRADE REPRESENT ALTERNATE ENTRIES TO SCALE INTO THE TRADE AND MULTIPLE TP LEVELS.
Five world-class investors that are bearish on USD...
1) Ray Dalio
“You can’t continue to run deficits, sell debt or print money rather than be productive and sustain that over a period of time. If we don’t work together to do the sound things, to be productive, to earn more than we spend, to build the stability of our currency and build a good balance...
Keep your analysis clean and simple. Vision wise it gives you a better understanding and clear trading plan.
A technical break should bring a long way down for UJ to test support areas. Illustrated are the possible target levels.
Fundamentally:
USD Dollar finally starts feeling the hit of the FED's decisions
Markets worldwide are in a critical situation...
