Identified an area to short. - Look out for Data realease on Tuesday 7Th of November (AUS interest Rates 3:1 reward to risk
One scalp trade with low risk pip for a scalp Current Active Another potential trade still there for a larger swing,
Looking at reshorting this after being stopped out for a swing This is more a scalp
Demand Zone 1hr Div DXY Reversal potential For my own use
Ive entered in early Asian session today after being stopped on previous long trade - Moved stop to b/e second setup if move up and stay above support and daily close, will look at another long trade for a swing.
Looking at the DXY at reversal and 4hr already shown rejection USD pairs looking for a bounce AUDUSD is at a good support
For my own reference. Entered long yesterday Will be moving S/L to breakeven. Based on upcoming potential of DXY reversal, i will be aiming for BTC to go to 29k or around there and take partials maybe on the way
I think there is more downside as marked Personally will look at short and then monitor on a daily chart when price hits important area as marked
Looking at DXY rejection (confirmed on 4hr however might have one more high for a 3drive) EURUSD at a support (Daily / 4hr support) RSI divergence on 4hr 4hr Price action bullish
Looking at 78.6 bounce, and will see what price action gives us for a better Risk to Reward
Two weeks ago looking around here and now it hit 78.6 Might have another drive up for a three drive. but looking at potential USD pairs to trade the reversal
- DXY at resistance (4hr confirmed, could have one more high to form 3 drives) - UJ touching upper channel with 4hr price action showing rejection - Daily Neg divergence RSI
Potential setup on a Daily chart. Will re-look when price gets to the zone for a reaction.
US Dollar Index Monthly CLOUDS - UP Elliot Wave - We can Identify 5 Waves up, with the 5th wave fall at 78.6 retrace Caution : 5th Wave looks incomplete as it needs another up to form the 5th wave within the 5th wave… Weekly CLOUDS - Down Its finding support as weekly closed at 105 (previous resistant) Momentum is still UP Daily CLOUDS - UP RSI Forming...
- Short at chart area (ABC correction) - Looking for lower targets however first target at demand zone -
Looking at dxy correction of c wave And usdjpy gap filled and down on a retrace before attempting further upside
Price exhaustion 1hr chart looks like a failed rally 4hr RSI divergence DXY also at strong resistance
- Daily and 4Hr RSI Divergence - With 3 Drives to top - Looks like 5th wave completion and now into a correction . - Should take partial's at breakoutzone