Trade ideas
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.....
USDX Short set up on 15 minute chartA nice multidiagonal short set up is forming on the lower timeframe charts of the USDX around the 12625 level. We can expect this to feed through into other multidiagonal longer term trades on metals such as gold, which could see a bounce on a USD fall at the confluence in this chart.
way down we go (???)HI ... I`m using Eliot waves for this analysis . I use different time frames to get better perspective.
I think dollar index can`t reach above 12623 resistance for now and this small upward trend will be over soon near 12623 . we can enter a sell position with a reasonable SL . for short I think it can make another low, lower than 12517 for now . maybe trump presence in not that good :))
US DOLLAR MEDIUM TERM TECHNICAL OUTLOOKUS Dollar may extend the correction but the medium term outlook still favorable to buy the dollar.
Dollar Index broke out of a contratcing triangle upside.#USDX dollar-index broke above a contracting triangle above 1260 important level. Bullish continuation to 1270 is expected. Dollar strength against other currencies is expected to continue.
US Dollar Counter-trend TradeWeell... As you can see our divergence pattern occurred also in the US Dollar Index.
The think is that also appeared in Silver and don't forget those two instruments have a negative correlation.
So if both diverge the same time... I don't know :P But i think its more highly likely that we are going to see a reversal
Now lets head back to the set up...! As we can see the RSI didn't give us the signal in the first leg after the initial Impulsive one because it went above the 80 level
So we had a HHL but not inside the RSI 80 level
That's why had to wait for a second chance
