A look at the Market Sentiment and trading opportunities on offer for the session. Review of the price action we want to see prior to an entry Setup.
The only Trades which have been highlighted are ones coming off a level and showing promise.
A look at the Market Sentiment and trading opportunities on offer for the session. Review of the price action we want to see prior to an entry Setup.
The only Trades which have been highlighted are ones coming off a level and showing promise.
The market from weekly perspective we can see it meet our M pattern print out which indicate bearish movement, and it rejected on the neckline also, so moving foraward to daily timeframe we can see the markt is printing the pattern which indicate a strong bearish structure with the same M pattern which rejected the the neckline.
to start the week I was bullish LTFs and bearish HTFs however current price action is breaking through support. this could be a HTF top in DXY. USDCAD is the only active position . Disregard any other idea posted below this ( other than my fib tutorial )
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Daily/4h time frames analysis for Dollar Index.
Trading plan explained.
Important key levels.
Price action analysis.
Trading recommendations.
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A look at the Market Sentiment and trading opportunities on offer for the session. Review of the price action we want to see prior to an entry Setup.
The only Trades which have been highlighted are ones coming off a level and showing promise.
My directional bias is a sell from the dollar. that means i will be looking for and pair that has USDXXX in front of it to go down as well. I will be looking for buys for anything that has the XXXUSD in the back of its pair. price is at the neckline of the triple top. and is slowly making marking structure breaks to the downside.
The US dollar has closed lower for the first day in a series of up days, but does that mean we should we be looking to get short of the currency on Monday ahead of Tuesday's CPI?
A look at the Market Sentiment and trading opportunities on offer for the session. Review of the price action we want to see prior to an entry Setup.
The only Trades which have been highlighted are ones coming off a level and showing promise.
US Dollar analysis.
The dollar gained sharply across the board after Powell’s comments. This exaggerated reaction in just goes to show you how dovish the FX market has been leaning in recent days.
Chair Powell joined the Fed’s pushback efforts.
Powell noted that while monetary policy was working in ways it should, some households and businesses are not...
Dollar Index is currently approaching a solid horizontal resistance.
The market formed a head and shoulders pattern formation on that on a 4H time frame.
Monitor the reaction of the price to its neckline.
If a 4H candle closes below 105.43, a bearish movement will be expected.
Targets will be 105.16 / 104.97
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