The rapid decent of Bonds from 129 was telling. Yet while most think that we have reached the bottom there are indications that this is not the case.
WE are currently here:
ZB is making a retracement, I think we can see a price rebalancing up to 120'22
The potential Highs at 121'31 will lure Buyers, yet a rejection of these levels will have serious indication...
Looking at dxy h4 current chart, it is really indicating usd bullishness is reversing for. It means we can start to look for buying pairs like XXXUSD and selling pairs like USZZZ.
Go to the chart of the pairs you wanna trade and start to look for confirmation to buy for XXXUSD pair and confirmation to sell for pair USDZZZ.
I wish u all have good trade.
with the dollar looking too loose some strength this week and how horrily weak the jpy pairs have been, it makes sense we see a Correction with the USD/JPY pair
looking to enter shorst at this bos area we have a clean retest and rejection from
also as shown in the image we can see clearly we had a Backtest retest rejection of the DBL trend now this would have...
the pair is still biased to the downside with the rise in oil prices the cad might gain as well, meaning that any war halt will take the dollar index down again since it is playing a major role as a safe haven recently.
Usdcad is the best investment at the moment for a long term view.!! good luck!!
the pair is trading in a clear channel range as you can see the upper trendline was the end of big wave 4.
if the counting is correct we will be expecting a wave 5 to finish this Cycle near 1/15-1.1600 area.
our stop loss will be above the previous top. the risk to reward ratio is awesome for this trade however it might be a medium-long term investment.
good luck!!!
GbpUsd nearly completed a clear WXY corrective cycle and ended wave Y with clear 5 waves, i expect for the coming sessions to find a short term support and bounce to retest previous wave 4.
before any uptrend might happen again. so we will consider the upward move a correction until it proves its an impulsive.
I am seeing some bearish pressure on the DXY.
Originally price found support at the monthly/weekly demand/support level.
Price was making a higher highs and higher lows.
Price then met resistance at the daily supply/resistance level and began it's bearish move to the downside.
I can potentially see price trying to make one last push to the upside. I think...
I know everyone is looking for higher prices but ... i think the upcoming weeks are gonna kill some bulls ... !
Place yor SL over the WEDGE and wait will calm !!
Regards !
I have a channel for the dollar's current price movement. Maximum potential price point for dxy will be 97. From there we will see a downturn most likely to 96.50
Short DXY with a Stop Loss just above last high ticks !!!
With RSI falling this might develop into a double top !! Unless it breaks this for a new high !!
Stop Loss: 99.20
Target : 97.38
