We have pushed into that gap and taken the previous weeks low. Only reason I am still considering shorts at the moment is because a discount price has not been achieved yet. Once 8:30 news comes out and more candles print I will give what I will be looking for to turn bullish and what I want to see to remain bearish. Like, follow, comment and if you’re new here...
Good morning. Markets had some beautiful movements yesterday. Monday we took out HOTD from last week Friday. Yesterday we saw that nice expansion with 9:45 news. Highlighted on the chart I have that liquidity void shown. I’m expecting us to reject out of this area and move to create a new lower low on 1 hour timeframe. We are currently inside of the weekly gap we...
It is expected that the support range will be broken and the downward trend will continue. Otherwise, a strong upward wave needs to form and stabilize above the support range. In this case, it will be possible to continue the correction process
DXY Trading Journal Analysis It seems likely that the DXY will be seeking lower prices going forward as the bias. Gravitating to the 50 % Equilibrium level on both HTF and LTF. Today Price delivered to take the sell stops from April 18 and coming to the middle of the D BISI in an attempt to rebalance it. For the week I would like to see price seeks the 50%...
Top-down analysis for Dollar Index. Price action after US PMI report. Important key levels. Potential scenarios. ❤️Please, support my work with like, thank you!❤️
DXY is forming a Bull flag ⛳️ If DXY breaks out OF resistance at $107 🎯then the USD could go as high as $113 🧭
Over the next the few months , this seasonal analyses is based on the idea that the Dollar could gain in strength over the next few months because of all the money that was used in the purchase of gold and ended pushing the price of it higher. Gold prices are priced in US dollars but not only that situation but also the money that has been flood in the exchanges...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Will be looking for bearish price action in highlighted box here.
In the current landscape, the Dollar Index (DXY) displays signs of a potential turnaround. Despite an unanticipated fall in retail sales, the DXY has managed a climb, posing a dichotomy against the backdrop of the economic narrative. Its advance within the bounds of a recently formed trading channel underscores the market’s complexity. Technical Take: The DXY...
As I stated before dollar hit my rejection area. If you check the economic calendar we had news for GBP @4:30. We created a bullish gap when that news came out. This set a stage for my trade idea for an entry. Why? My bias short term is bearish and I have a bearish target. Disrespect of a gap that was created in the opposite direction of my bias would validate...
DXY showing support, i dont trade this index, but have used this to support current trading against other pairs
-I will choose according to the analysis to buy -I will divide the risk in half to execute 2 entries (maximum risk 0.5% per trade)
Breaker block rejection zone was reached. I’ll be waiting for by open to start moving price again before I enter any trades personally. We have news coming out this morning and price action is supporting the short term bearish movement. Next update should be a trade idea for a sell down
23rd April DXY: Likely to range between 106 and 106.40, needs to stay above 105.80 NZDUSD: Sell 0.5895 SL 15 TP 30 AUDUSD: Buy 0.6465 SL 25 TP 70 (Aud CPI Tmr) USDJPY: Sell Order 154.70 SL SL 20 TP 80 (wait for price to break above 154.85 before setting order) GBPUSD: Sell 1.2370 SL 20 TP 60 EURUSD: Look for reaction along 1.0760, rejection, Sell 1.0715 SL...
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 105.968. Considering the today's price action, probabilities will be high to see a movement to 103.741. P.S We determine oversold/overbought condition with RSI...
The dollar reached a HTF PD array then proceeded to react off of it, back into a H4 FVG. 23/04/2024 is a busy news day.
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