2023 is going to be fun for most underlying pairs as benchmark shows potential to tank heavily. I can't wait to capitalize on this mega move. See you at the top my future millionaires!
A rocky start to the year 2022. I've been sitting on my hands for the course of 2weeks, waiting for clear cut confirmation. It's finally come to my attention that the Daily chart provided a minimum risk trade to the downside of this volatile environment we've been experiencing. Let's date back to Michael's bullish OB formed at Friday 17/12 and 20/12...
15m chart gives us the famous ICT fair value gap being 'paint brushed' at price level 1.37542 ("NO pip more, NO pip less... PERFECT") From here we follow the sell stops made during London, before this retracement we just had. Suspecting that we will evade that liquidity pool and create a lower low. I'm NOT going to swing this move just yet, quick scalp will do...
I've been saying for the vast couple of weeks how strongly I felt about the greenback, if it performs exceptionally in terms of gains, potentially we could look at the euro as a mirror of what's to occur on the dxy. I honestly haven't given this pair much attention lately, so I'm neutral until the markets open up and clear intention of price comes up. Be...
MEGA SELL from here onwards, the chart displayed above is a zoomed out representation of the beginning of the year 2021. Notice how we just spent the majority of the year trading above 1.36461 up until 4 weeks back(I happily went long on 21/07 by the way). Fast forward to recent price of Friday 20/08 where £/$ violated the 1.3646 mark for the second time this...
I got stopped out from my previous publish entries by that massive retracement that we had on Wednesday and of course, that's on me for trailing too close. I did however manage to enter on the pullback, sweet OTE that I see will lead us below the 1.3800 mark as we got a taste yesterday. My bias is still short for the pound sterling. SMT will definitely want to...
Short term weakness in dollar would see us a move pushing upwards, above the Monday HOD. I am still confident that the dxy will be stronger this week, I'll short the market at exactly 1.1895xx . My confluence is driven by many factors, one which is the 1h OB from last week, Bear in mind what I am saying isn't financial advice (I am not regulatedto give out...
Not having a clear cut trend in the past weeks of the dollar index, we see some choppy movement with lots of momentum. Given the previous day close of a bullish candle (Friday), we can clearly see on naked price that the bullish bar violated both the high and low of it previous bearish candle. In most cases I tend to take that as a reversal signal. I'm expecting a...
I switched from using the DXY to Dow for my Dollar analysis a year back ,however this year around late March, I decided to open my dxy chart and make an analysis that'd revisit 3 months later. I was amazed how the turning point of price was behaving like a train on tracks with arrows I had drawn months back. My analysis for the dxy is quite a simple one ,let's...
