Thinking we finally have a 5th wave top in here, I was expecting $106.60 to be the final blow off top and that is still on the table. But as for now the ABC correction seems to have started. If this move proves to be yet another extension I would expect $106.60 plus to get tested b4 the predicted correction ensues.
In this video I just shared my dropdown time frame anaysis with regard to DXY, a pespective which shows that the bull has reached their destination now is time for te bear to head home also. i provide price action charting pattern, setiment based on each time frame and the influance of previous time frame perspective. to understand the past the future will...
DXY haven ralying over seven month now, it hasjust established bearish reversal pattern of which is M/double top reversal pattern which currently at its second leg M pattern. Sell off is Imminant, break below its neckline is anticipated,
Here is my view for DXY on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
ICT ATM METHOD!!! short term high ran and rejection giving you the confirmation of the short, well look for this to reject inside the ob 104.900 and take out the local lows liquidity 103.400. Price reaches the low ob+fvg 102.650 prior to running the sell side liquidity well monitor this for a potential area where we see a rejection (pray this doesn't happen) and...
Considering the divergence and performing 5 ascending waves, we can boldly say that the ascent has stopped for a period of several months! And we expect price increases in high-risk markets, including stocks and cryptocurrencies
Looks like Dollar made a high while running stops above MAY highs Then an impulse lower Retrace higher to rebalance Expecting next leg lower Looking for buy set ups in Majors while Dollar weakens
I don't know if you can short the DXY but if I knew how and could, I would. This could be good for bitcoin
First off, when the dust settles, I believe Biden will be a 2 term president. I believe there will be plenty of money printing, further devaluing the US dollar down to around 57 - 60. The last time these moving averages flipped was back in March of 2003 resulting in a drop of the DXY index of 33%. History doesn't necessarily repeat itself, but it sometimes...
if it does not make a clean Breakthru from the last high. momentum decreased, price pump from nowhere. 70% chance that it will go down.
#USDDOLLAR, usd dollar monthly key reversal bar made a new high closed off the low. weekly bar 16th-20th May formed two bar reversal for bearishness ahead. 13th May daily bar is a key reversal bar confirmed with next bar down a insurance bar. 104.40-70 supply area for short. stop loss above 105.10 which is 13th May high.
Here we have classic manipulation on buy side liquidity and previous weekly high liquidity, the price also filled to the pip the imbalance, now I expect the price to take out trendline liquidity.
I will be going in looking for buys in London, but first we need to take out the level marked in red to the downside and I will enter below that with half the position and if we dig into the purple level I will take another entry targeting the highs above.
Hello Traders, I'll trade this idea on DXY looking for a long position around the 61.8 % and 38.2 % Fibonacci's Retracement because the dollar is bullish. Pure technical analysis trade ( watch spx too inverse correlated )
DXY will drop from current level; Technically dollar create bearish flag! So i anticipated dollar will be short from this level to 100.3xx
Watching EurUsd in the London session for a drop into the levels marked on the chart. If we do, I will go in looking for a long to target BSL and maybe leave something on for the level above marked in Grey ;).
DXY Has hit the weekly resistance level and it got rejected hard and fell out of the parabolic curve. Now it is consolidating into a bearish Wedge and i expect more downside if we break below. Also stocks and Bitcoin will bounce if DXY Breaks down...
The dollar (day) looks like ready to collapse here as the stock market booms of major support levels. Inflation looks to of peaked to me and this DXY short could be epic. Look at the major hourly divergence forming at the top of this rising wedge. Short and hold with a wide stop in case we have some slight higher highs though I doubt it