USDOLLAR trade ideas
Declining DollarFollowing Trump's inauguration last Friday the BEARISH tone to the USD looks certain to remain and we've been SHORT SPX500 from 2264 in the belief that this market is overbought and due a correction.
With the USD declining and the Dollar Index heading south, we are expecting more dollar weakness which should boost all USD pairs although not at the same rate. With dovish noises from the RBNZD , the New Zealand Dollar may not advance as much as the GBP so each counties fundamentals need to be factored in.
We are SHORT USDOLLAR Index looking for a move down to test support at 1231. Under that opens a move down to the 200 day SMA at 1210 area.
The US market open will be particularly interesting today.
$USDOLLARMy view My view only
This is not recommendation for you to buy or sell.
NOT INVESTMENT ADVICE.
bullish cypher on USD Indexwaiting for price to reach D point to take long trade @12436
stoploss @12407
takeprofit @12482
Why do you trade? Trading Goals and motivations (trade plan)Why do you trade? Consider writing down your personal trading goals.
The following are my personal Trading Goals & Motivations (taken from my trade plan).
Goals - Consistency
1. Focus on the process and let the results happen
2. Think in probabilities and whether I followed my plan. (Not right or wrong)
3. Master the ability to sit on my hands
4. Demand constant improvement
5. Follow the rules of my trade plan, ALWAYS.
6. Master the mental game
Goals - Financial
1. Fund and trade full account
2. Replicate my current income through trading (short term plan)
3. Once (1) is accomplished, maintain and build wealth (long term plan)
4. Have the freedom to quit my job if I so choose
Motivations
1. BE SUCCESSFUL = Achieve repeatable, consistent trading, reach goals,
2. Live the life I want. Flexibility, lifestyle, comfort, schedule, travel
3. Enjoy the journey
4. Continue to learn and get education
doller index h4 trade setup....we are looking for some correction to up side and then c wave to down side....
DXY/USDOLLAR - More complex moves ahead?Bit of a ride with the USD lately, but with USDCAD now taking direction more from DXY/USDOLLAR than from OIL, this helps me understand whether there's only scalping opportunities ahead or if there's a more complex short coming up. Looking to a re-test of 12500-12510 (USDOLLAR) before we see what's next on the agenda.
USDOLLAR gartley with bearish 5-0 Dollar should bounce back today. However, gains will be limited.
Will retail sails provide direction or investors more concerned about Trump policy?
Another tryI think dollar is going to try one more time to hit a new high . we can enter here with a reasonable SL.
USDOLLAR May Continue DownwardUSDOLLAR gapped up to the top of the bearish pin bar which finished off our previous week after coming into the 50% retracement level of the most recent bearish impulse leg confluenced with previous structure.
This could indicate that this will be a good week to short xxxJPY pairs. In particular I'm watching AUDJPY for a potential short entry and I am holding a GBPJPY short position.
Trump balloon is loosing airLast two days price gave a glimpse of beeing loosing steam. One can note big divergences between price and RSI and MACD.
Doller index h1 sell setup.....Doller index h1 sell setup. looking for correction to the up side then move to down side. sell it at top.....
