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Dxylong

$Index AB=CD, (C confirmed) Falling WedgeIn my last idea about DXY (see related ideas), I proclaimed that we might have the possibility of the formation of AB=CD pattern owing the accumulating Falling wedge. But we had a variable of point C in AB=CD, we did not know where/when it might appear. After the false break low on Friday and the rejection from bottom it turned out to be a perfect hammer on Daily candle. For now, as a result of the third failed attempt to break the wedge we recognize 107.3 as point C. We can now expect DXY to finally break high and linger on to the yearly resistance one more time. Breaking higher than the red line (109) we will be one step forward to be expecting 112, which is the target price for the AB=CD pattern. Monday open is likely to occur above the wedge so we are beyond the point where DXY might break lower, for now. However, the only variable that remains is the result of the yearly high resistance at 109. If the price manages to break through it, we sure can expect 112 in the succession. Triggers for the move: 1- Hawkish FEDs 2- Result of Jackson Hole Symposium 3- Expected Interest rate hike in September 2022 by The Federal Reserve
CAPITALCOM:DXYLong
by Uzi-Trades-Forex
4
DXY create bullish Rectangle pattern. So, Short sell, long buy In this situation DXY chart Hopefully create bullish Rectangle pattern . So, market need seems to SELL correction at 108.600 & 108.400 support level. Then Market fully BUY to 109.550 & 110.200 resistance level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYLong
by AronnoFx
EURUSD Has Fallen And Can't Get Back UPHere is this week's narrative: 7 Days ago The Fall began. Sunday-Tuesday of every week most assets make their High or low of that week. Afterwards it will tend to trend in the direction of that week's bias. This was exactly the case last week. Friday took out all longs beautifully in the perfectly times NEWS event by the Fed Chair who basically announced that we (The US) would continue to keep printing money from our money machine which caused a huge SPIKE in price. That spike took out ALL Retail traders who tried to swim against the tide of a 7 Trillion dollar ocean. While we Snipers waited patiently for the inevitable drop to be in sync with the Central backs and algorithm that delivers price to the market. That WICK Friday left a foot print the size of Godzilla:) Being that all Buy Side liquidity has been clearly taken out the trend SOUTH is a likely play for this week. Now adding even more drama aka confluence to this scenario the DXY is set up to soar to Mars this week. We know that the DXY is the Ying to the Yang for EURUSD and most US Base Pairs. This objective information makes the case even stronger for a week of selling. As Snipers in the market all we can do is put together the clues that past price action and the fundamentals (news) gives us. No more no less. Plus some subtle information you only acquire through relentless study and consistency of monitoring the chart$. The proper risk management will always keep you in the game until your accounts compound like an oak tree! Fast money doesn't existin this space. But slow and steady always wins the race. As always never over leverage. Trust your trade Set Up. Have Fun! I Am PRo TRADING MADE SIMPLE. & Sensi and Master Jedi Trader Of Sniper Gang! Everybody Eat$
by Master-Jedi-Trader
3
Friday Get Paid Trade for the Weekend!The narrative goes like this: The market has 3 moves 1. Uptrend 2. Downtrend 3. Consolidation It ain't consolidating right now because it has hit the Extreme of its ADR. When this happens there is a 80% chance it will turn around. DBP Signature Double Block Play Entry. Snipe this entry and you just watch price melt into your script like a ice cream cone on a HOT Miami day:) Price will not hesitate to give up the PIP$ because it's exhausted its run North. What goes up eventually will come down. Now let's give the narrative for the DXY: The DXY is the ying to the yang of EURUSD. The DXY had a GAP that it inevitably had to fill. It dropped to fill the gap and is now on the rise to complete the job. (A gap is not filled until its filled BOTH ways #FREEGAME ) When the DXY is going Up guess what EURUSD is doing? Like Young Joc raps "It's Going DOWN!" This explains the drop on EURUSD, Put all of that together and you have your short set up. It's Friday so pull your profits whenever you like and have an incredibly blessed, happy and abundant weekend! As always never over leverage. Slow and steady always wins the race and eventually your accounts will grow like an oak tree. Compounding is Magic. Always trust your trade set up aka Narrative. Give the story line time to develop. Have fun! No other space in the world allows you to break the bank daily:) I Am Pro Trading Made Simple. And also the Sensi & Master Jedi Trader of #SniperGang EVERYBODY EAT$
Short
by Master-Jedi-Trader
5
London Money GrabThe Forex Market weaves a beautiful narrative all about MONEY DAILY! The narrative for this set up simply goes like this: 11 AM pretty much ends the London Se$$ION. At the end of each day we all like to leave compensated for a job well done. The Forex market trading Sessions are no different except they deal in Billions and Trillions of Dollars. By simply identifying the BIAS on the Higher TFs on the asset you are trading you can gauge which way this Grab will go. Today is a down day on EURUSD. In confluence with the DXY which has taking off like one of Elon Musk Rockets:) (But always be careful with his rockets some of them are proven not to make the distance LOL) I digressed... As always Never Over Leverage* Trust your trade set up* Have Fun! I AM PRO TRADING MADE SIMPLE I AM ALSO THE SENSI AND MASTER JEDI TRADER of #SniperGang EVERYBODY EAT$
Short
by Master-Jedi-Trader
4
DXY Ready to Test Yearly Resistance We are through the point when The Federal Reserve was giving it a break to the strengthening USD, lower support remained intact at 104.6. As told by Powell, they are going to hike rates on public debt one last time during the September FOMC for the year 2022. Well, the market is responding to the very hint of it. Retailers have switched to long shots on DXY and shorts on commodities. Chances are, we might see DXY testing yearly high again. Trading Suggestions: 1- We might see DXY between 108.7 and 109.10 2- Breaking higher than 109.10 we can expect higher levels continuing to aid the strengthening USD 3- For now, let us not trading anywhere against USD 4- Precious metals are heading lower, we might see 1680-1720 on Gold, and lesser than 18.50 on silver again but there are a few levels both of them must cross to see it happening 5- Should DXY make a double tops here at 108.7 level, we are heading lower on USD and higher on other derivatives against USD Note: Ensure proper risk management, Happy trading and happier profits :)
INDEX:DXYLong
by Uzi-Trades-Forex
XAGUSD SWING SHORTSpot Silver has been in a general downtrend albeit it with a short rally. On the weekly chart the context of the rise in the stochastic RSI to over 60 and the MACD approaching a K and D line touch as well as the print of a weekly candle as a red Doji after the recent federal minutes release and another federal calendar event on 8/22 I will take a short on spot silver. The stop loss will above the POC of the high volume area on the profile or $20.2 for a $0.4 less while the target will be just above the recent market low on July 11th at $18.15 ( green horizontal) for a profit of $1.65 per . This makes for a reward to risk of about 4.
OANDA:XAGUSDShort
by AwesomeAvani
US DOLLAR (DXY) ARE WE STILL BULLISH? DAILY TF ANALYSISLooking at the trend, it's obvious that we're in the bull market for DXY. we can only see higher highs and higher lows for the this currency. However, for the major news later, we may anticipate a double top formation when the price reaches at 108.78 key level. If the price breaks this key resistance level, we may expect a trend continuation to the upside. The level I'm seeing a major pullback is at 120 key level but this may chage depending on the economic factors that we will be seeing for the next coming weeks. TIP: ALWAYS FOLLOW THE TREND.
TVC:DXYLong
by JuanCrlsTrades
2
A DXY ENTRY I MADEHello traders! although this move has already started happening, I just wanted to share this entry I made on DXY. From my previous post, I expected DXY to go lower but, due to change in price action structure, my strategy suggested this entry. The marked resistance area has been tested multiple times and I think that due to the current movement around the area, it will get broken this time. After the anticipated break, I'll wait for a retracement back to this level for another entry.
TVC:DXYLong
by donaldemmaogbame