Hello Traders!
Yen Futures vs UJ & DXY
We can see a smash day buy setup has occurred on the monthly chart.
Did we have a false breakout and now markets are making a turning point!?
I suspect the dollar is getting weaker.
Hello Traders!
We can all agree that is a bearish order block.
Price gave a strong reaction away from it.
Is the dollar going downhill for the next couple of years?
Or will the FEDs find a way to strength the currency?
Hello Traders!
Here we can see GBP is close to the open float 20, 40, and 60 day high.
The DXY is still bearish. No signs of shifting back bullish yet.
Hello Traders!
Here we have a Larry Williams Textbook smash day sell opportunity.
SL I based on the PDH and placed 50 pips above.
If you do not know the model please read the book Long-term secrets to short-term trading by Larry Williams.
Short on a sell stop, or short on weakness.
Hello Traders!
Here I am showing GU AU NU EU on the monthly chart.
This is what I currently have on my chart.
YOP = Yearly Opening Price (Premium vs Discount )
Overall XXX/USD has been bearish .
Hello Traders!
Update to GU current price.
Price recently hit a bearish PD array above the weekly open.
However, there are SMT Divergences showing themselves via daily amongst xxx/USD
Hello Traders!
Gold is real money and will be here until the end of time.
If you look at all the XAU/XXX pairs it has been outpacing all currencies year after year.
Here we got a recent run with speed through a swing high.
I measure the FVG and find the algorithmic levels price could come down and fill.
