Would like to see the DXY pullback a bit before continuing to the upside. Looking to play AU and GA; will look for negative and positive inter-market correlations as confirmations at the same time respectively. Accumulation and Distribution smaller time frame fractal snipes will be my plays.
US Dollar Index could possibly play off the zone of Interest (Box Area); I use the Dollar Index as an indicator for my entries on Forex pairs; Positive and Negative correlation relationships. If DXY confirms on to the upside on lower time frame fractal the AUDUSD-NZDUSD will confirm to the downside at the same TIME on lower time frame Fractals. Which in part have...
- USDCAD formed a bearish engulfing candle at the key 1.3300 level.
- The price action suggesting further fall from here - market looks likely to continue down into the lows of 1.3030
- The strength and weakness table report adds confluence to this move with the Canadian Dollar gaining significant strength recently.
- Potential target to reach:
- This pair recently broke out of the wedge pattern from the key lows.
- Currently highlighting the risk-on sentiment in the market.
- Price formed a bullish breakout candle and we could see price continue towards weekly trendline resistance 0.70415
Regards, GoldfXcc Team
- USD Index rejected the $99.00 highs and closed back into the weekly channel - LEVEL STRATEGY
- Seasonal/Current patterns suggest this could be the top for the USD and if price breaks the current candle lows then selling momentum should continue.
- This week forecast for DXY is down to 97.70 - if price breaks the current candle lows then selling momentum to...
Hi there. In this chart you can observe the year-after-year growth percentage and values of Bitcoin vs. the U.S Dollar on Coinbase between January 1st 2015 and May 22nd 2019. Another thing you can see on here, is the long term support levels and resistance points that have been confirmed over time. On top of that, feel free to a take a look at the FIB levels...
Tendencia bajista en D1 y formación de posible restroceso.
H4 y h1 tendencia alcista, con ruptura de resistencias.
Formación de esquema para venta al formarce una zona de distribución y seguido un choque con resistencia.
Entrada con un riesgo/beneficio 5:1
Entrada a compra con retroceso de fibonacci + zona de OB + figura media.
Entrada con un riesgo/beneficio 4:1
I previously stated that it would take 2 to 5 hours to enter the 0,315 / 0,319 zone.
I still have 30 minutes before I am wrong... of course this is just for fun, it will enter the wone despite the time it takes. But to be honest how badass would it be if I even get the timing right ??
On a more serious, note I still did not take any profit from my position, as I...
Looks like Gbp/Cad has made its retest at key levels and buyers are ready to take control for a moment at least to 38.2 fib. Which is giving us a good risk to reward.
Fibonacci is drawn from the swing low to swing high and the price has retested important level at 61.8 fib and also made it above 50% fib, where it currently...
This GBPCAD just shows again how the charts are ruled by fibonacci and how precise the new paradigm trading is. Every swing high and swing low today hit the Pitchforks to the pip with no drawdown at all. I love it and in combination with the harmonic scanner it makes it a lot easier.
Doesnt even matter if there are economic news or not, move still starts and...