Hi guys. DXY broke its high, but it meet the top line of the wedge now and it will be hard to break that. Hard to say, But I think it will push DXY lower again to touch the bottom line of the wedge. So, I am bearish on DXY again and will short USDJPY, USDCAD and USDCHF. Take care fellas. Trade safe.
USDJPY is firm a broadening top and after touch 136.70 twice, It will be more possible to make a double top and break the pattern and drop strongly. For less risk, you can wait for a break and after that can take position. Neckline is around 134.50, So if you see the price under this level, possibly can see strong bearish move after that. Good luck...
DXY is surrounded by a wedge and it may took time to goes up or down. range is more possible At this time. But, after that what was the next move? On my view, chance to go high is 20 percent and down is 80 percent. But, we must wait and see what will happen.
After yesterdays big bearish move and 50% correction, I think its time to short dXY again. Stop will be above the bearish leg and TP will be 100% of bearish leg. Good luck guys. Have a good weekend.
On my view there is no momentum to push Euro lower than this level in this time. potential to make third bottom and push it to goes high. any breakout under 1.0360 will be false. So, I think risk- reward is kind of good and this level will be attractive to long. you guys can wait for daily pin bar and after that can take position. Good luck everybody.
USDJPY is challenging with a rising flag at the moment and supported by the bottom line of the pattern. But if price can break the channel and goes lower, it will send price more lower after pullback to channel. So, Should wait for break and then sell the pullback.
After last weeks big down and up, DXY is in range now. A triangle is firmed and it has 50-50 chance to goes high and down. DXY has chance to make new high after break triangle and also can goes lower to touch bottom line of channel. But it is in lower time frame and I think it will range in this area in higher time frame for a while.
Total market cap is on very important support now. Fibo .786% ret, 200% ext and 100% exp is make a cluster that will send price high again. on my view, its good opportunity again to enter to crypto market.
After US rate hike, index went down sharply, But Friday was a good day after two bearish days. On my view, big up after a big down will sent DXY in range in short term. So, i think traders should manage their positions based on trading range.
After last night big bearish move and the first bearish daily candlestick, Price is under broken wedge top and ready to goes down after complete AB=CD pattern. The stop loss is so obvious, its above broken wedge, Risk reward is so logical, So, its time to short dollar VS yen.
On my view, its time to short Aussie again. Bear flag is firmed, pullback complete, false breakout and bearish weekly candlestick will send it to bottom again.
Euro is firmed a wedge after big move and ready to goes down again. Three correction wave, downtrend line and a nice wedge will send Euro to the ground again.
To me, this chart is so clear to enter. Silver missed the critical level 22.00 and now is pullback to that. A big bearish move, broken rectangle, pullback to resistance and i think its so ready to complete second bearish leg.
This level is fibo cluster of .786 ret, 2.618 ext and 1.618 exp. After a huge bearish move, cable need more time to firm a reversal pattern. But i think it will occur very soon.
Aussie is back to channel after fake breakout above .7550. Median line is supported it after bearish move. pullback to .7550 will be good time to short Aussie again.
ETHUSD is firmed a bearish pennant after breaking bullish trend line and its ready now to goes down again.
GBPJPY is complete its ABCD pattern and supported by bottom line of pattern and ready to goes high again.
EURUSD complete its ABCD pattern and ready to goes high and pullback to broadening channel pattern. To me its seems that no bearish momentum to goes down again and need correction move.