Reaching for LiquidityIf that next order block doesn't hold The Dollar looks likes it could be pushing for another leg up, reaching for liquidity just above 96.40 if it gets there. Could be looking at some divergence on the way up. Waiting for the Sell signal. Also, if you notice the times of all the arrows, do not think that is just coincidence do you? Institutional Order programs running their orders. Of course, it's not always the same but Wow pretty tight.
Dxy_short
US dollar is almost over buy now Watch out us dollar (DXY) 95.8-96.3 This zone !!!!! nice opportunity to sell !!! 2016-05-03 till now the dollar has boost 4.09%.After dollar break the down trend line the dollar increased 1.9%. Never mind i believe the dollar will continue going up but the highest point of 2016-03-28/29 has never been test .So STOCH RSI (14) indicators is showing 89.692(Overbought) i will watch rsi 14 until it hit around 65-70. cci indicator showing above 100 as well . Williams %R showing -3.943 Overbought. ATR(14) 0.4090 Less Volatility Plus FIBO retracement line showing 96.2 is 1.13% fake break up line .. these evidence showing keeping US dollar is going to be dangerous !
$AUDUSD Wolfe Wave, Point 4 In SightHello Traders,
In this Wolfe Wave I want to highlight the internal moves between the points.
Points 1-2: You want to look for an abcd pattern in the development of points 1-2. Though it is not always the case this usually helps define whats coming later on.
ab=cd
Points 2-3: Similar to 1-2, 2-3 also forms an abcd pattern. 2-3 is typically the longest wave in length and time. It can also possess more complex internal wave patterns as the points are being created.
Points 3-4: This path is similar to point 1-2 as it forms another, smaller, abcd pattern. If point 1-2, for example, is an impulse move, look for 3-4 to act in the same manner.
Points 4-5: There are a number of moves that can develop between these points, another abcd, ZigZag pattern, or a swift move to the downside is possible. This move is really what I am interested in seeing in this chart!
Finally, I want to hone in on the 1-4 trajectory line and how it can potentially help us figure out where point 4 is. Notice how I place the trajectory at an angle that acts as an anchor throughout the formation of this Wolfe Wave. I would also be interested to see how this plays a role in this formation.
If you find this chart helpful please let me know by liking and following! :-}
Thank you,
-Chartistry
Index Analysis and Trading Tips - Dow Jones 22nd Feb 2016Dow-Jones
16391
Market failed to sustain advance to test 16535 in low liquidity trading on Thursday and Friday proved very stagnant.
US CPI data confirms advance or head for another drop impulse which may activate above 16700 zone - as long as market holding trades above 16300 the chance for further advance toward 16535 and 16700 will sustain
** below 16300 market my head for drop correction toward 15600 zone
All the best and happy trading!
USDOLLAR INDEX H4 FORECAST NEXT WEEKUSDOLLAR INDEX H4 FORECAST NEXT WEEK: I think price will drop into 72Fib and then move up to 162Fib.
But i have doubts about the upmove to 162Fib since both COT-data and accumulation-levels signal bearish developments.
Another conflicting source is the seasonal chart of the USDX . This chart show clearly that USDX weakens in pre-election period.
Dollar to weaken before it creates new highBelow we have a simple ABCD pattern forming - currently progressing B-C. The following are noteworthy;
1 - Weekly candlesticks are bearish moves, we can predict further bearish activity;
2 - MA's have crossed over bearish on both daily and weekly timeframes;
3 - A smaller ABCD pattern completes at leg C of overriding pattern; and
4 - point C (or D of smaller ABCD pattern) would work to fill out a gap in the market that still remains unfilled
Point C should serve as a floor for DXY to climb to a new HH
Let's see how this pans out! Would love any feedback ;)
Happy trading folks - G5B_FX
61.8% reached , consolidation period, retracement...Let's keep it simple...
Reached the target mentioned days ago (link below), between the 50% and 61.8% fib from A to B, now, consolidation time (lower time frame), and retracement should be next.
Target, the 31.8% fib from B to C, synced with previous structure, around 95.75
Note: similar inverted movement expected in the pair eur/usd.
DXY After brushed the floor at 38.2%, target at 50% ExtensionI'm expecting DXY to move up to 50% Fib Extension, that will sync the structure with past lower lows from March / April, and then to complete a retracement from all this uptrend, moving down, between 50% and 61.8% fib retracement.
Similar movement (inverted), expected with Euro/Dollar pair.
Have nice trades.