DXY - Dollar New Week MovementDXY - Dollar Technical Analysis Chart Update
Time Frame - H4
According Long Time Frame #LTF Daily we have RISING WEDGE pattern and it has Break out the Lower Trend Line and making its Retest
Another Pattern we have is Double Top if it rejects from the Current Level then its Possible that it will Follow Long Term Sel
Its currently standing at the Resistance Level Good Entry After Breakout or Rejection
In short time frame we have Bearish Channel and it is Currently Standing at the Upper Trend Line #UTL if it breaks out then its Buy
Another Reason for Buy is Elliot waves its Making Impulsive waves and it has Completed its " 3rd " corrective wave and now its Making " 4th " corrective wave and it can Follow Buy Trend
Its also has the Strong Selling Divergence in #RSI
Dolar
EUR/USD FINALLY SHOWING SOME MOMENTUMAfter weeks of sideways movement, EUR/USD finally made a move and broke out of the consolidation!
Buyers are coming into play, BUT, don't let this sudden move trick you in to impulse trading!
EUR/USD has been bearish for A LONG time... and just because the price is pulling back a little bit, it doesn't matter the main trend shifted! Atleast not yet!
*BE SAFE GUYS, RISK MANAGEMENT IS A PRIORITY!*
love, T.
USD/TRY
In long-term view, the pair is heavily overbought and inflation is very high
It does not mean the market condition can continuously drive it upwards.
TP areas are signed white flags. And supports are black flags.
*Please share your opinion on it, write in the comments. Dont forget some cheers bravo. "
Teşekkürler.
DOLLAR UP // EURO ( CRASH )The strength of the dollar as a currency is increasingly present against other currencies, if the FED continues to raise interest rates in this way and the rest of the countries do nothing with their currencies, we would be talking about an increase in strength for the dollar currency (at least temporarily). An increase in the strength of the dollar, would make a large number of assets and currencies, such as the SP500, Bitcoin, Euro, etc... fall sharply.
We are at a critical point, as we have already observed in the previous Euro analysis. If the strength continues to increase, there is a high probability that it could reach the levels of 120. After that level. We would be faced with a new scenario. Where the dollar will ultimately decide the future strength or weakness of the rest of the assets. It would not be surprising that we are facing a final sprint for the dollar where before falling the dollar itself, it will take everything ahead. Good luck to all !
Bye Bye EURO !! ( CRASH )The levels on the euro's chart against the dollar are highly worrisome.
If the European Union does not quickly raise interest rates more aggressively, we could see the Euro fall to levels of €1=$1 or even lower at €0.8=$1.
We note that it has been in a bearish channel since about 2005, which it has been respecting in a demanding manner. At the same time we have no nearby supports that can hold the price, so the HIGHEST probability is to fall. The market structure predicts an abrupt and rapid fall towards these levels, probably without giving us any retracement, as happened in the past.
We have already broken the bullish guideline within the bearish channel and this is not good news, since there is no " REAL SUPPORT " by market structure ( I REPEAT ) The area where it is right now, is NOT a SUPPORT !!! .
Europeans can be affected by this, losing 20% of their wealth added to inflation added to the uncontrolled growth of taxes. :( . Best of luck to All, hope it helps to get a clean picture of the future of the EURO.
GBPUSD Possible entry for a reversionAs we can see in the daily timeframe showing us a bullish weakness pattern coupled with our DXY Seasonal Tendency for the month of February which is proposed to be bullish for the earlier part of the month.
We can combine all confluences and look to only enter sell opportunities.
Utilising:
Bearish O.Bs,
Bearish Breaker Blocks, Fair Value Gaps, Mitigation blocks etc..
Whatsoever helps you get into a high probability setup trade mainly around London & New York Session.
Waiting for more confluences, exactly a bearish correction.
Como podemos ver en el TIMEFRAME diario que nos muestra un patrón de debilidad alcista junto con nuestra tendencia estacional DXY para el mes de febrero, que se propone que sea alcista para la primera parte del mes.
Podemos combinar todas las confluencias y buscar ingresar solo oportunidades de venta.
utilizando:
OBs bajistas,
Bloques de ruptura bajista, brechas de valor razonable, bloques de mitigación, etc.
Cualquier cosa que le ayude a entrar en una operación de configuración de alta probabilidad, principalmente en la sesión de Londres y Nueva York.
A la espera de más confluencias, justamente una corrección bajista.
USDCAD Buy Model ¿?Me parece interesante la idea de esperar una neutralización de esos máximos antes de ver el movimiento bajista que sigo esperando.
La idea de que el precio deje máximos iguales junto con ese Buy Side L semanal, no me convence como una toma de liquidez válida.
Hay puntos de oferta más arriba que seguiré esperando y si el mercado toma el Low del día anterior en un buen horario estaré buscando esa compra.
Sería bueno encontrar una divergencia SMT antes del movimiento.
Semana llena de mucha liquidez con tanta noticia.
US500 SPX hello receive a cordial greeting, you have at your disposal the supports and resistances of the S&P500 in the medium term.
As well as its channels.
I hope it will help you.
Sincerely, L.E.D. In Spain on 01/17/22
DXY SHORTTo survive in the most difficult market and enjoy life
recommendations
1.- Risk Management 1-2% capital per operation
2.- Be patient
3.- Partial profit taking
We are at an ideal point to trade DXY Take its last push before its fall and thus be able to buy in the best areas, so we hope that this graph will also generate good opportunities.
As you can see in other shared ideas, I do not always win, but I am profitable due to good risk management, my profit ratio is at least 1: 3
Do not go crazy, wait for the entrance or put SELL LIMIT, be smart.
The dollar country!For this one if the trend is your friend fibonacci must be your girl friend, we can see a very healthy accumulation on the weekly chart since may, the price tested the 4,94 about 2 times now and doesn't seem to be slowing down for another re-test any time soon
doted line = 20%, dashed line = 50%, straight line = 100%, if the price breaks the 50% trend line we can expect another re-test at 4,94 however if the price breaks the 100% trend we should look for high pivot point and a down trend reaching for 4,25
but we can clearly see that this is just an accumulation and the trend is up so far, if we break the 6 dollar resistance it's pretty much a no coming back type of run.