Dollar potential entries. ExplainedWe discussed bullish fundamental setup, but still no entry. There is a clear trendline on a daily chart. Breaking above is an entry. The most conservative traders can wait till DXY breaks and hold above 7 days high. It has been a long time since the dollar did that. So, breaking and holding above is sign bulls have got the strength to reverse a trend. The most aggressive traders can enter once and if higher low will be formed before breaking the trendline. But this trade is too risky for me. This market has a good fundamental setup and you can use any entry technique to pick up a trade.
Dollar_index
Silver ... another wave up brewingSilver ... another wave up brewing. See my chart and notice pricing is going up in the last few bars in the 4h against a negative red ROC. Since ROC indiactor (top chart) is lagging. It it'll print the green ROC on a green most of all times.
I'm in AGQ for a small position and short day trading play.
Dollar Index REVERSEHello, Traders!
With the beginning of the new week, DXY shows some reversal signs. For the past 2 weeks, this index has found solid support above 93.
On a local 4H Timeframe Support and Resistance zones are created, so we need to pay close attention when index is near those levels.
If the breakout occurs, the FIRST target is 94.5 level.
Good Luck!
DXY Rebound.Hey, I am back with another Forex idea, this time looking at DXY, dollar index currency.
I expect DXY to rebound from the are of 94.65 - to 95.00 at least to 96.30 - 96.50, this does not mean, that dollar will be in uptrend, just this week and the half or whole next week will dollar see a rise.
So long USD, because it's really oversold at strong bounce area.
Good luck with trading!
Dollar analysisLast week I got a lot of emails regarding buying Dollar. Guys, it is not time yet. We have a good setup in this market – commercials are long, the evaluation index shows the dollar is undervalued, but time matters a lot in this business. We have to get price action confirmation. I would like to see ‘wash-out low’ before a rally starts. Besides, we have a clear trendline on the daily chart, and breaking above it is what we are waiting for. The most conservative traders can look for breakout and successful trendline retest before taking a trade. We have a good setup for a potential big rally, but patience is a must.
DXY 95.96 - 023 % LONG IDEA Good Day Everyone
A look at the DOLLAR INDEX which is strongly bearish and is strading in an ARC structure respecting the structure at that looking for continuation to the downside to support level 95.69 then a reversal out of the ARC structure... lets see how it goes
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT