jaysump

jaysump Updated 

DXY is still long term bearish and if you refer to my DXY mark up I give an explanation on it. We know that EU moves opposite of the DXY so we should expect bullish momentum long term on it. EU is currently retracing from an expansion phase back to an area of consolidation. It has be in an uptrend for some time now with no sign of reversal and the most obvious...

jaysump Updated 

GBPUSD has had divergence in correlation to the DXY and EURUSD for a while. Since last year it has not been making any deep retracements taking out major key lows only making higher highs so using a higher timeframe we can look for areas that it could be reaching for. If you go back to May of 2018 we have double tops formed showing a clear sign of resistance. We...

jaysump

Yesterday I tried to post a chart for EU sell but ended up posting my DXY chart because I was using the 3 chart layout so I decided to just post my DXY chart again. If you refer to my post yesterday I was expecting a reaction that played out exactly to my line I was anticipating. Since price didn't spend alot of time at my zone I'm seeing bullish momentum to...

jaysump Updated 

Pretty much a revise of my other EU sell, I was looking for a push higher before it cleared the double bottoms. I use the DXYto look for SMT divergence. EU and DXY move opposite of each other but leaves little clues that a potential move could be taking place soon. where my black arrows are we see that EU cosolidating while DXYis still expanding. Focusing on the...

jaysump

GU hit my area i was looking to buy at but was late to work so missed my opportunity. We cleared out double bottoms and respected the swing low the explosive move occured by whch indicates we are still in a bullish marke on the higher timeframes still. I'm looking for the DXY to reverse to a bearish market around the 92 area which will help XXXUSD pairs continue...

jaysump

dxy is bullish so eu will be bearish. im expecting it to take a stab at that double top formation to take out the dumb money to continue its down trend to double bottoms. will wait to see if double tops are broken and where it begins to reverse before taking the sell to the double bottoms