With today's close later today the bias is clear for tomorrow so far.
Will we take the ERL tomorrow, entry wise for the move only time will tell but I know what I'm looking for my entry function to be valid.
OANDA:EURUSD
TVC:DXY
Considering the completion of the correction pattern at the support levels and the start of the recent upward trend, we expect to witness the continuation of the upward trend.
The level of 138% of the target can be reasonable and maybe minimal
Based on charting and other esoteric ideas; I see the end of the dollar as we know it today April 2024 as the leading word currency.
I've had this prediction for some time, only now posting for record.
Time will tell.
DXY has broken above a key level of supply indicating a bullish momentum is still active. Presently we have profit taking going on that will send the dollar slightly lower acros s the board before the bullish move continues.
Reason to sell
- ICI (impulse correction impulse) pattern possibility
- The fakeout reaction on the SSL is not strong enough to shows long strength.
- market shows strong short reaction to 0.168 fib.
When/Where to sell
- Wait the price to pullback to 0.5/0.168 again to have a great RRR
✅DXY is going up now
And the index broke the
Key horizontal level of 105.000
Which is a support now and
After the pullback and retest
Of the new support we will
Be expecting a bullish continuation
LONG🚀
✅Like and subscribe to never miss a new idea!✅
In times of market uncertainty, investors often seek refuge in assets considered safe havens, such as gold and the US Dollar Index (DXY). While traditionally these two assets exhibit a negative correlation, meaning when one rises, the other tends to fall, their simultaneous ascent during periods of uncertainty might seem counterintuitive at first glance. However,...
Overview:
The DXY Dollar Index is currently undergoing intricate price action dynamics, characterized by fluctuations within key levels. Understanding these levels and potential scenarios is crucial for navigating the market effectively.
Key Levels:
1. Support Levels:
- Notable support lies at , representing a significant area where buying pressure has...
Dear Traders,
I expect price try to retest 106 Area , after correction,
102.500-102.800 ( Good Time to sell EURO ,GBP)
105.900-106.000(Good Time To buy EURO,GBP)
dont forget like&comment please !
regards,
Alireza!
Hi mates and trading community sharing mine Dollar index trading idea in this chart there are only two old trendlines on this chart one is rising resistance and one is old rising support trendline not changing for this publication, So let's start quickly about my trading idea as we can see after making double on this provided daily chart all the way it came down...
In the short term, the currency pair is less attractive due to the strong appreciation of the USD after the market reduced expectations about the Fed cutting interest rates in policy meetings in June and July.
Persistent high US inflation data, and better-than-expected employment, suggest the Fed may not choose to cut interest rates in the near term as this could...
This week I'm waiting to reach the weekly FVG and see if there will be a displacement, after the CPI news on Wednesday, that is, I'm looking at entries after the news.
All analysis is based on ICT Concepts.
This chart is revealing something... There is a signal that is interesting to us, it came in 8-March. To us this is a clear reversal signal. This session/day ended as a Doji before reaching 0.618 Fib. retracement and now we see full green.
After the initial bullish move, after the "reversal," we get a price peak. These moves tend to be corrected by 50-62%. When...
