Dxyindex
DXY H1 / BULLISH MARKET STRUCTURE SIGNAL => 📈✅ Hello Traders!
This is my idea related to the future movement of DXY H1. As we can see, the market is reacting from the resistance level, and at this moment, I'm looking for a bullish confirmation to execute a long entry. The perfect scenario would be to see a retracement until the OB that I mentioned and after that, to go bullish. In case of confirmation, I will execute this trade.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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DXY BULLISH H & S SHAPE!! HELLO FRIENDS!!
As i can see DXY is creating a head and shoulder pattern this can be next move for DXY if US inflation data is good for $ Technically it is clear view for bull move till design levels friends it's just a trade idea we are looking forward for Ur thoughts in comment session it helps alote of other traders Stay Tuned for more updates.
DXY(US Dollar),🔴Can grab the sell-side liquidity?🔴
As you can see the price consolidating for a while and we should see what happens next.
By looking at the chart, we can figure out the price created the sell-side liquidity that formed as equal lows that can be smart money targets. In that case, I don't want to see the price go higher than the key level (107.675).
In addition, there is the hourly bearish FVG that can keep the price and act as a resistance.
So if the price can close below the liquidity void (104.280), we can expect to see a lower price.
💡Wait for the update!
🗓️20/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
DXY at an important crossroadsSince the beginning of the year, the USD Index has risen 5% from its lowest point to its peak. However, trading USD pairs has proven to be quite challenging due to the choppy price action and significant volatility between support and resistance levels.
Upon analyzing the chart, the upward movement appears staggered and resembles a rising wedge pattern. This suggests that it may actually be a correction of the previous leg down from 107 to 100, indicating a potential impending decline.
Confirmation for this hypothesis lies around the 103.80-104 zone. If the price breaks below this level, we should pay close attention to the next support levels, including 103, 102, and the crucial psychological and technical support at 100.
DXY Technical Analysis and Trade IdeaTechnical Outlook:
- The DXY (US Dollar Index) maintains a bullish trajectory within its broader uptrend.
- Recent price action indicates a retracement to a significant daily (1D) support zone.
- This technical setup presents potential buy opportunities in line with the prevailing bullish bias.
Trade Suggestion:
- Entry: Consider long positions upon confirmation of bullish trend shifts on a lower time frame at the current support level.
- Targets: Aim for 105, 105.5, and 106 as price objectives.
- Stop-Loss: Strategically place stop-loss orders below the immediate support to manage risk.
Important Disclaimer:
This analysis reflects my individual market assessment for informational purposes. It does not constitute explicit financial advice. Independent research and comprehensive risk management are crucial before executing any trades.
DXY Dollar Index Technical Analysis and Trade IdeaThe #DXY is currently exhibiting range-bound behavior within a broader bullish trend on higher timeframes. While the overall bias remains positive, current price action does not present a compelling entry point for a long position. My strategy involves two potential scenarios:
1: Breakdown Scenario: A break below the current range support would provide a discounted long entry opportunity.
2: Breakout and Retest Scenario: A decisive break above the range high, followed by a retest and failure of that level as new resistance, would signal a potential long entry.
Key Technical Considerations:
- Trend Analysis: The higher timeframe bullish trend offers context for potential long setups.
- Market Structure: Understanding the current range structure guides entry and exit points.
- Price Action: Closely monitor price behavior around key support and resistance levels for trade signals.
Disclaimer: This analysis is strictly educational and does not constitute financial advice. Always conduct your own independent research and thoroughly evaluate your risk appetite before executing any trades.
DXY IndexPair : DXY Index
Description :
ELLIOT WAVES - " 12345 " Impulsive Waves and " AB " Corrective Waves Completed
Retracement for BREAK OF STRUCTURE
BEARISH CHANNEL as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement
FIBONACCI LEVEL - 61.80%
Divergence in RSI
DXY 103.523 +0.06% LONG IDEA MTF BREAKDOWN 🐮🐮📌HELLO TRADERS
Hope everyone is doing great 🛑
A look at DXY ahead of the WEEK 📌
DXY WEEKLY TF
* Bulish sentiment still in play on the weekly TF
* Violated the bearish FVG
* Tested and rejected from this PD ARRAY
* POSIBLE BULLISH CLOSE FOR OUR WEEK
DXY D TF
* Looking at DXY from the DAILY TF we see a break BELOW (SSL) which are Monday lows.
* Swept SSL but traded back into the range with some bullish momentum.
* If we see momentum back into the range i would be looking for long.
* Looking for long on the DXY because we do not have a bearish body closure.
* & we are still in an indecisive state, in wick city as well.
DXY 4H TF
* On the 4h alike, indecisive momentum in play.
* Retracement into some of the internal LIQUIDITY .
* looking for some retracement into PD ARRAYS ( FVG + OB & balance price range)
* & should they hold looking for continuations with the bulls.
* Violation of the FVG signals bullish momentum and some confirmations
DXY 1H TF
* Monday LOWS taken.
* Possibly signaling a bullish week ahead.
* might see a SEEK & DESTROY PROFILE
1. IRL - ERL
2.Looking for LQ RUNS.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
AUDUSD 0.66023 -0.13 % SHORT IDEA MTF BREAKDOWN 🐻🐻📌HELLO TRADERS
Hope everyone is doing great 🛑
A look at AUDUSD ahead of the WEEK 📌
LET'S LOOK AT THE DAILY DXY
DXY D TF
* Looking at DXY from the DAILY TF we see a break BELOW (SSL) which are Monday lows.
* Swept SSL but traded back into the range with some bullish momentum.
* If we see momentum back into the range i would be looking for long.
* Looking for long on the DXY because we do not have a bearish body closure.
* & we are still in an indecisive state, in wick city as well.
AUDUSD DAILY TF
* On the DAILY we are trading from IRL in a bearish FVG.
* We have a DRAW IN LQ in the form of equal lows ERL .
* looking for some retracement into PD ARRAYS ( FVG + OB & balance price range)
* & should they hold looking for continuations with the bears.
* Violation of the FVG signals bullish momentum and some confirmations that invalidates the trade.
AUDUSD 4H TF
* Looking to take BSL.
* This will possibly be signaling a bearish week ahead.
* Sweep of BSL and trading back in the range.
1. IRL - ERL
2.Looking for LQ RUNS.
AUDUSD 1H TF
* We are range bound on the HOUR TF
* looking for SHORT entries.
* Possible retracement before continuation.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!