AbTheTraderr

AbTheTraderr

As you could see in the chart, the DXY made an ascending channel last week. It hit multiple highs and evened out with a slight retracement. It now stands in a level that could see major confluence in direction it'll possibly go to. A break in any direction from an ascending channel can adjust your possibly entries in either longs or shorts in this upcoming week...

AbTheTraderr

If The ascending structure gets broken out of downwards, it will most likely plunge down. This is vice versa if it gets broken out of upwards.

AbTheTraderr

After a Strong Push Towards Yearly Record Highs, The Dollar has seemed to slow down its momentum now heading into the week. Considering the High Volatile week up ahead for the Dollar, It has a high chance of pushing down towards a healthy zone of "100.60". This area holds a lot of confluence and volume which might attract an extended bullish DXY run for a possible...

AbTheTraderr

Key level with volume possibly might see rejection+ head and shoulders.

AbTheTraderr

Here we have NZDJPY that has faced Major Bearish Direction after seeing the pair hit a High since July of 2018. Ever since the pair hit the high, it has yet to break the key level, it consolidated at the high and dropped right after. The reason I believe the pair will be bearish for the rest of the year is because the pair took a year to hit a high since 2018....

AbTheTraderr

I was very eager to sell Aussie the past two weeks and I got in too early but now that it hit respectable levels and rejected those respectable levels, it is finally a sell biased how I had it planned. The markets showed me that patience is key if you wanna survive long enough. The Markets aren't going anywhere so You have to learn to let the trade Come to you

AbTheTraderr

Last week, I published Aussie being short and got absolutely crushed into a loss for pullback reasons. I believe Aussie hit a respectable level and rejected that level to break higher. The market made a low high and is finally going to approach a lower low.

AbTheTraderr

Here we have AUSUSD making some basic market structure, every market whether it's USD or EUR goes through four phases. Accumulation, Advancing, distribution, and declining. Here we could see that Aussie is now headed towards a declining phase after hitting and breaking highs. It had its bull run but the bulls seem to be exhausted by now thus leading towards sell...

AbTheTraderr

Daily downtrend resistance was finally broke and with the Fed finally addressing inflation, interests rates are getting higher thus leveling out the inflation. On top of that, stimulus checks will finally stop coming and no more money printer go "BRRRRRR". It has also broken many key levels which will lead to bullish bias and momentum.