Bearish channel! SELLThe price is in the bearish channel. This might try to reach the low price before the day and then, starts to fall until reaches at least weekly S1. I will wait for the signals.
DXY-SELL
DXY Short at major resistance levelDxy is currently at a major resistance level, what others may refer to as a valid supply, the probability of a bearish market is more likely and I will go short with a good R:R.
Let's see how it plays out!
DXY BEARISH OUTLOOKThe Dollar Index Broke The Daily High On Friday which was a level of resistance from last week Monday to Thursday, we are currently seeing weakness on the daily, a stRong break below structure will indicate a bearish market for today.
DXY, Losing bullish momentum! SELLDespite the price has been losing bullish momentum I see the price might go until the Daily R1, then fall at least until daily S1.
Bearis trend, 61% Fibbo! DXY sell! I see the price has been accumulating energy! it might go until to reach 161% Fibbo, this means until to reach the half of daily S1 and S2.
The uuptrending momentum has been decreasing! DXY The momentum has been decreasing. There are RSI divergencies. Also, there is a new bearish trending line. It is possible the price start bouncing between the high day and low day before.
DXY, uptrending has broken!I see a Bearish retracment , at least 61% fibo. I think I might take this long ride! Squeeze and Wave ABC confirm that.
If the price broke down the support...Sell!despite we are in uptrending, I see a possible breaking down of the recent support, because the latest uptrending has a change of direction.
USD INDEX POSSIBLE SELL FROM SUPLYThe dollar index seems to be tired from attempting to run to heaven, :) We are seeing signs of weakness but let's wait for structural confirmation to get a clear directional certainty
DXY - THE BIGGER THEY ARE...DXY has been moving without any real pullback which is dangerous. This is to do with the FED HIKE RATE, we can almost guarantee a 50 points bias which is why price is surging but what happens when the data is released? we have already had the move and DXY falls off.
104.150-300 is the next major resistance area for DXY and it will have to crash somewhere has we are wiping out yearly highs. The crash is looming, you've been warned.
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Pip count this week 💰🏆
WTI SHORT / 74 pips ✅
GBPUSD LONG / -26 pips ❌
WTI SHORT / 185 pips ✅
WTI SHORT / -10 pips ❌
GOLD BUY / 70 pips ✅
GOLD SELL / 170 pips ✅
WTI SHORT / 200 pips ✅
GOLD SELL / -30 pips ❌
GBPUSD SELL / 67 pips ✅
GOLD SELL / 30 pips ✅
WTI SHORT / 60 pips ✅
WTI SHORT / 130 pips ✅
GBPUSD SELL / -30 pips ❌
GBPUSD SELL / -15 pips ❌
WTI SELL / -70 pips ❌
15 trades taken
9 wins ✅
6 losses ❌
60% win rate
Combined in the communities this is 805 pips which is an outrageous way to close out the month!🤯
The momentum is going down!
The up trending is tired. The momentum is going down. I see the price go on until the Resistance 1 ( stop loss), and then bounce and go bearish until the pivot ( first take profit) . I can wait until the price is inside the plan, and then I would took this short operation.
Break Below Structure Entry On DxyLooking forward to a break below structure to initiate a comfortable entry after being stopped out
NB; You reduce risk by allowing the market to tell you what decision to make based on price reaction
The support has broken. Ussually rising wedges representing a bearish market. A rising wedge is represented by a trend line caught between two upwardly slanted lines of support and resistance. In this case the line of support is steeper than the resistance line. This pattern generally signals that an asset’s price will eventually decline more permanently – which is demonstrated when it breaks through the support level. in this case the support has broken.
DXY - The fall of USD?? Now this may be hard to grasp in, but the technicals don't lie...
USD index has tested the support line of the upward channel, unfortunately the support wasn't capable of holding the price to it's intended direction.
The dollar index has been strong since last early, respecting the formations of higher highs and higher lows.
Seems like the bears are taking control of the market.
US Dollar Index Sell IdeaW1 - Price has reached a strong resistance zone .
Potential bearish divergence.
No opposite signs.
H4 - Bearish divergence.
Until the invalidation level holds my view remains bearish here.
If we get a valid breakout below the low at 93.674 we may then consider it as a validation for the bearish view.
Gold Sell In Profit 50+ PipsGood day guys! You should be at least 50+ pips in profit if you took this trade. Based on my entry, I am over 100+ pips in profit. Remember to push your SL into profit and let it ride. This is just an update. Be sure to like and comment below in regards to your thoughts. We do appreciate you for checking out our post and remember, we will see you on the other side.
Rodrick (CEO)
Third Eye Traders
EURUSD - It's probably time to sellIncreased incidence of covid19 in the euro area, especially Germany.
Social distance constraints were increased to combat covid1.
Negative inflation.
High unemployment rate.
The euro is too tired and needs to rest.
GBPUSD Short Trade Setup | Weekly Trade Setup 11-15-May-2020in upcoming week we will be focus on GBPUSD for selling Opportunities !
DXY | Where is the dollar index going? UpdatingMy December 21 idea came true. Now it’s more clear where the dollar index can go. I added some markup changes Feel free to hit the like button :-)
