Watching market structure as we approach this area of resistance. We are currently holding an uptrend but will be looking for a short if the trend shows signs of weakness
Comparison fractal of MCOBTC to USDOLLAR, very strange to see this correlation across such different pairs. Any thoughts? leave them below :) It can be seen that an ascending scallop led to a bullish breakout in both.
USDOLLAR short entry. The exchange started copying a falling fractal. The primary target price is 12351usd
USD follows channels. Currently at a top going into the Fed. 29 Jan 2020
The US dollar index is currently a bit uncertain, whether it is a direct decline from the current position or a slight adjustment to continue to overshoot the 98.50 area, but one thing can be confirmed that the current US dollar index is trending downward SELL DXY ENTER:97.80-98.50 The perfect ideal entry point is near 98.50 SL:99.70 TP1:95.00 TP2:93.30-94.10
TG 1 = VERY HIGH PROBABILITY TG 2 = HIGH PROBABILITY TG 3 = MEDIUM PROBABILITY TG 4 = LOW PROBABILITY
DXY HAS BROKEN THE DAILY UPTRENDLINE AND IS NOW MOVING DOWN IN A CORRECTIVE MOVE.
Ascending inverse scallop, looks like the short term drop has already begun, looking for bullish continuation.
Price broke out of ascending channel that is lined up with support zone. Price has the potential to retest resistance level and move lower. Awaiting bearish corrective structure on lower timeframe to confirm set up.
Following FOMC yesterday, DXY has broken the trend line channel support and now is trading at 97.15 which coincides with horizontal support. We believe that we assist to a chance of trend and we can expect the index to fall to the next support at 96.00
With projected negative interest rate DXY will weaken against all major currencies. For now consider this as an ABC correction. Gold, Silver, and Stock Indices should go up too. Good Luck. Be patient!
The exchange rate has entered a correction phase. The correction was triggered by MA (100) levels. I expect the correction level to be 12410 usd. Turning from this level, I expect a further decline. The target price for the decline is 12257usd.
Currently a triple fractal sequence is being formed. The rectangle (blue) of these fractals is shown. I assume we are currently in the third declining fractal range. The target price for the decline is 12257. I note that EURUSD may then be around the 1.1215 level.
The price broke a few times out of the turquiose zone but came always back into it quickly. We can also see on the charts, that the price is making lower highs. Target is the lower blue zone.
After a long time and touch an strong resistance and create a Head and shoulder on top its going to fall! you should buy soon Eur/USd Gbp/usd xau/usd jpy/usd and even you can also buy eur/cad gbp/cad jpy/cad
The exchange rate does not follow fractal rules for the time being. Therefore I used ATR axis strategy. The white ATR axis indicates that the exchange rate movement is strengthening towards the south. And the green and brown shafts are the standard MA100 and MA200 shafts. Currently, the intersection of the MA100 mirror axis and the ATR mirror axis has stopped...
Long & Short As Per My Analysis Chart or You Can Also set Own Risk reward. Let see what Will be Next Move on .Risk Warning- I m Not a Financial Advisor This idea Only For Educational Purpose Only. Thank You !! Dragon Club .