🏃♂️The DXY index has been moving above the Uptrend line for more than 2 months .
✅ The DXY index managed to break the 🔴 Resistance zone($105.8-$104.5) 🔴 last week.
↘️ In the last week, we saw the DXY pull back to the 🔴 Resistance zone($105.8-$104.5) 🔴.
🏆Today, I analyzed the possible trend of the DXY Index for the coming week using the 🏆Holy Grail...
Euro remains bullish, today's slight move to the downside has given us an opportunity to LONG. Buy at 1.0540 stops below 1.0530 targets above yesterday's highs of 1.0570. Use proper money management.
IYKYK ALGOISREAL
Here we see that there is an initial structure of trend change where there is a lower low and a higher high, so we can assume that EURGBP will have the potential to change from a downtrend to an uptrend. in this setup, it is enough from the demand zone and the target price in the supply zone, the closest target price if this setup is successful is 0.842 - 0.8435....
I see a good area but it's not fresh, but it can still be used. The area is 0.72380 - 0.72538 with a target area of around 0.47580 . I hope this trading plan goes well for tomorrow Monday
I will research this technique further to get a good risk reward and those of you who read this analysis will be living witnesses of my trading technique
According to every cycle since inception, Bitcoin has repeated some not-so-talked-about patterns.
First: every cycle has had a direct hit on the 0.5 log fib as illustrated here
What does this mean? Nothing to the ordinary man. But to me, it means every cycle has a distinct half-way point.
How do you find that half-way point without knowing the top is...
This is my secret charting method to predict future highs and lows. This method is almost like the Legendary Gann's charting method, it's just tweaked with my formula.
They Say there's no holy grail indicator for the financial markets. I say there is. It's just that nobody has made it yet.
Follow me in TradingView as I embark in this journey to create a holy...
Daily trend is down price came up and triggered my alert early on the 17th to go short, didn't see any clear rejection. Price sold off eventually and came down to and cleared the daily gap, retraced then showed very clear direction toward the end of the trading session. After what appeared to be a stop hunt of the initial alert retest, price seems to be showing...
As I like to trade from the daily and h4, getting a decent long and short all in the same week isn't always the case. The price action has been interesting on GA this week
Price is contending with the a group of weekly down candles and its 50% area. Seeing the consolidation below the EQ (50% area) was a nice clue. We shall see if price can get up the prev weekly high, which we know there will be resting BUY STOPS!
As AUDNZD started to put a whooping on me, I then started doing my top down analysis (Ironically after having entered a knee-jerk short). Poor planning on my part and I see that I should have been long all along.
A beautiful inverse head/shoulders with a nice compressed move back to the Quasimodo. It was interesting to note the fractal QM at the accumulation area...
