Welcome to our Trade Setups - April 27th ( DXY ) !
BUY DXY
ENTRY LEVEL @ 91.027
SL @ 90.599
TP @ 91.885
Max Risk: 1% - 3%!
Risk/Reward Ratio: 2
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Have a great week everyone!
in dxy daily time frame this is what im willing to see as the usd pairs are on a bearish trend and we may see some double bot happen on some days to see.keep this in ur mind and make the trades careful.if the 61.8 level doesnt break this chart is invalide.and will be updated. GLHF
Hi there,
DXY heading for another leg down, I think we completed now wave 3 and we heading for wave 4 for a big retracement on the dollar, which will send eurusd to 1.21 and gold to 1800+
After we make the correction, the whole market will crash with the strong dollar,
Get ready to get in after the correction on GOLD, EURUSD, GBPUSD, NZDUSD, AUDUSD, all will drop...
Close above 92ish today, with a backtest of this level, would confirm DXY's move into this range where highs approach 95
I can't see it hitting this high, but it would defo make sense for it to collect some liquidity above 92.8 and test the mids
92.8 lines up well with golden pocket of recent play so that could be the top for DXY imo
If it does move to mids and...
Hi there,
Dollar is short term bearish, for the target 90.20, as we saw the rejection made at 92.60 finishing wave number 3, we are going now for correction from main trend to wave number 4.
Final wave will have target of 95
Good luck
We are expecting dollar index to complete the correction by giving us down move. If you want to trade the down move make sure you take profits once it goes down don't hold it for long.
Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support &...
Following the chart on the one day, i thought it would be interesting to post the weekly chart.
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
The Dollar index is something I've been grappling with for a while now. I bought into the narrative of a weaker dollar index particularly in light of the mass printing of money by the FED. Surely inflation must be a consequence of the monetary policies that we are seeing...?
It just makes so much sense that we see a cheaper Dollar. But the macro people disagree...
There was not the movement I was expecting.
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if...
a falling wedge, there exist a chance of retracement up to 38% Fibonacci retracement and TP would be -61.8%,
but it is on the falling side
if not retraced and direct fall from here then -27% fib expansion can be targeted
