EURUSD STILL BULLISHOur 12 AM Candle dictates we are bullish. Therefore we expect the algorithm to
raid the imbalances and liquidity south to the Top of the
3rd or 4th Standard Deviation before it engages the Long and finish out this Quarters Theory.
With this objective information one could aggressively short the market with the anticipation that
price will short to the Top pf the 4th Standard Deviation.
Or one could wait and watch price follow the script then Snipe the Long Entry at the 3rd or 4th
bottom Standard Deviations.
Core Retail at 8:30am EST. So there will be obvious set ups afterwards. Let the uninformed chase the news. The wise wait and eat well!
The DXY is bearishly aiming at 99.720 so that gives us confluence that we are still very
Bullish on US Base Assets like EURUSD GBPUSD AUDUSD etc ...
Never Over Leverage. Your Risk Management must be impeccable so you can always retain your pips. Your risk management also allows you to stay in the game and mop up the needed lessons which are data points every Sniper in the market needs to develop into mastery.
Always trust your set up aka trust yourself. Typically your are always correct- maybe just early or late- so work on your timing - Learn the specific times of day the algorithm moves price on the asset you are trading.
#Mentorship - #SniperGang
Dxyshort!!!!!!!!!!!!!
Silver's Rise, Gold's Stability, and the Weakening US Dollar I wanted to draw your attention to some intriguing developments in the market that may significantly impact your investment strategies. Specifically, I would like to discuss the recent divergence between silver and gold prices and the weakening US dollar. By understanding these trends, you may be able to make more informed decisions and potentially enhance your portfolio's performance.
Over the past few months, we have witnessed a fascinating phenomenon: while gold prices have remained relatively stable, silver has experienced a notable uptrend. This divergence has sparked interest among many investors, as it presents an opportunity to explore alternative investment avenues. As an educational resource, we believe it is crucial to inform you about such developments and enable you to make well-informed investment decisions.
One of the primary factors contributing to silver's rise is its increasing industrial demand. Silver's unique properties make it indispensable in various industries, including electronics, solar energy, and healthcare. As the global economy recovers and these sectors continue to expand, the demand for silver is expected to remain robust. This growing demand and limited supply have been critical drivers behind silver's recent price surge.
On the other hand, gold has demonstrated remarkable stability during this period. Traditionally considered a safe-haven asset, gold has provided investors with a reliable store of value during times of uncertainty. However, its relatively flat performance compared to silver's upward trajectory has prompted investors to consider diversifying their portfolios and exploring the potential benefits of investing in silver.
Moreover, it is essential to take note of the weakening US dollar, which has also played a role in the recent market dynamics. As the US dollar weakens, gold and silver tend to appreciate due to their inverse relationship with the currency. This correlation has further fueled interest in silver as investors seek to hedge against potential currency risks and capitalize on the currency's decline.
Given these developments, we encourage you to explore silver alongside gold as a potential investment option. By diversifying your portfolio and allocating a portion of your assets to silver, you may be able to take advantage of its current upward trend and potential long-term growth prospects. However, conducting thorough research and consulting with your financial advisor is essential to determine the optimal allocation for your unique investment goals and risk tolerance.
Contracting Inflation Crushes the DollarThe US Dollar has been thriving on borrowed time. Time has run out. The US Dollar plunged to its lowest in 15-months in what many experts see as the beginning of a secular decline.
Till now, A hawkish Fed served as a solid tail wind. A Fed pause will take the wind out of USD sails. The USD peak is behind us. Leveraged funds have repositioned their portfolios to go net short over the last month. Rising demand for FX gamma in the options market forebodes rising volatility in FX markets and a precursor to sharp out of the range price moves.
Currency opportunities abound in developed markets (DM) and emerging markets (EM). Each of the G10 currencies have strengthened against the US Dollar over the last one month. High yield from double digit carry will position EM currencies to outperform the US Dollar in second half this year.
Not all gloom and doom for King Dollar though. A resurgence in US inflation, onset of recession, and any further geo-political shocks will strengthen the US dollar as the world’s only global FX reserve.
In this paper, we will explore two specific opportunities in the Euro and the Pound. Central Bank policy divergence and equity portfolio repositioning will drive Euro and Pound to significantly outperform the US Dollar.
This paper posits two potential opportunities with long position in CME Micro FX Futures. First, a long position in CME Micro EUR/USD Futures with an entry at 1.128, target of 1.196 and hedged by a stop loss at 1.09 to deliver a reward to risk ratio of 1.8x. Second, a long position in CME Micro GBP/USD Futures with an entry at 1.31, exit at 1.399 and hedged by a stop loss at 1.265, delivering a reward to risk ratio of 2x.
THE US FED APPEARS TO TAME INFLATION DOWN
The US Fed has been fiercely fighting a raging inflationary environment. Its relentless battle is yielding results. Latest CPI reading shows that annual inflation is losing steam and now stands at 3% YoY. Both inflation and core inflation are now receding faster.
Market expectations is for a final rate hike on July 26th marking the end of an unprecedented hiking cycle.
The Fed seems to have tamed down inflation. Market anticipation of a Fed pause is taking winds off US Dollar sails.
A clutch of DM and EM currencies have sharply outperformed the dollar over the last one month as seen from the chart below.
Across the Atlantic, inflation remains stubbornly high in the EU and UK. The European Central Bank (ECB) and the Bank of England (BoE) have indicated that their hiking cycles are far from over. More fire power is required to tame inflation down.
TAKING THE WIND OUT OF DOLLAR SAILS
Policy Divergence: Exchange rates are all about interest rates. Central bank policy divergence plays a massive role in charting the forward path of FX-pairs. Combining Hawkish BoE and ECB with a US Fed that is expected to “pause for good” has led to a sharply weaker USD and strong Euro and Sterling.
Equity Portfolio Repositioning: Besides policy divergence, it is the hedge funds fuelling rally in Euro and Sterling. These funds have been ramping up their equity positions in European stocks while slashing down the weighting in US equities as per prime brokerage data from Goldman Sachs.
Portfolio repositioning by the hedge funds should come as no surprise. The Nasdaq recorded its best first half year in 40 years and is up >31% YTD. European stocks have been more subdued. Stoxx 600 is up merely 5% while the FTSE100 is down YTD. Lower valuations in Europe appear compelling for some hedge fund managers.
FX Options Market Forebodes Sharp FX Moves: Time now is ripe for large moves in the FX market. FX option dealers have been witnessing rising demand for gamma in G10s. Gamma in FX options represents the sensitivity of FX options' delta to underlying FX rate. Typically, rising demand for gamma is a precursor to sharp FX moves.
TRADE SETUP
CME Micro FX Futures enable affordable access into the deeply liquid FX Futures market. Each lot of CME Micro EUR/USD provides exposure to 12,500 euros with each tick delivering a P&L of USD 1.25 per lot for every pip (0.0001) move in EUR.
Similarly, each lot of CME Micro GBP/USD provides exposure to 6,250 pounds delivering USD 0.625 per lot in P&L for every pip (0.0001) move in GBP.
LONG EURO FX FUTURES
• Entry Level: 1.1280
• Target Level: 1.1960
• Stop Level: 1.0900
• Profit at Target: 680 pips x USD 1.25 = USD 850
• Loss at Stop: 380 pips x USD 1.25 = USD 475
• Reward/Risk: 1.8x
LONG GBP/USD FUTURES
• Entry Level: 1.3100
• Target Level: 1.3990
• Stop Level: 1.2650
• Profit at Target: 890 pips x USD 0.625 = USD 556.25
• Loss at Stop: 450 pips x USD 0.625 USD 281.25
• Reward/Risk: 2x
Please note that the above P&L illustrations do not consider transactional costs and the cost of capital required for placing margins with CME clearing members and service providers which varies across brokers. CME clearing & trading fees can be found on CME Group's website.
MARKET DATA
CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
DISCLAIMER
This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services.
Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
DXY - USD Approaching Last Resort Of SupportSounds dramatic, I know. :-)
We see where price got rejected near the Centerline (white).
We see that price broke the little (blue) shelf which inflects with the orange Centerline. So, orange Centerline is broken too.
According to the rules of the Medianlines, we can expect a pullback to it. And it would be a little Gift to enter Short, or load up the boat.
However, the last support before a massive breakdown is the white Lower Medianline Parallel. If we break through this level, the new target is huge, down at the L-MLH of the orange Medianline (Target Zone).
To me, this would also open other opportunities. For example a Bold Long in Crude Oil.
US Dollar Reaches 3-Month Low; Get Ready for a Reversal!I bring fantastic news that will surely get your adrenaline pumping: the US Dollar has reached a 3-month low, signaling an imminent tightening by the Federal Reserve. Buckle up as we embark on an exciting journey to profit from this potential reversal!
As astute traders, you know the US Dollar has been on a rollercoaster ride lately. However, recent developments have shed light on a significant shift that could present a lucrative opportunity for all of us. With the Federal Reserve hinting at tightening measures, it's time to gear up and take advantage of the situation.
Now, let's get down to business. I encourage you to consider shorting the US Dollar while closely examining the market for signs of an upcoming reversal. We can potentially maximize our gains and minimize risks by positioning ourselves strategically. Timing is crucial, so be prepared to act swiftly when the market shows signs of turning.
While we anticipate a reversal in the near term, it's essential to approach this opportunity with caution and maintain a balanced perspective. Market dynamics can be unpredictable, so staying informed, adapting quickly, and managing your risk is crucial. Conducting thorough research and analysis will be essential to your success.
To help you stay ahead of the game, I recommend staying updated with the latest news, economic indicators, and expert opinions. Engage in discussions with fellow traders, and leverage educational resources that can provide valuable insights into market trends. You can make well-informed decisions and capitalize on this exciting opportunity by staying informed and connected.
Remember, the forex market is dynamic and ever-changing. While we anticipate a reversal in the near term, we must remain adaptable and ready to adjust our strategies as new developments unfold. Embrace this opportunity enthusiastically, but always keep a level head and manage your risk responsibly.
In conclusion, the US Dollar's recent decline and the Federal Reserve's tightening hints have given us an exciting chance to profit from an upcoming reversal. So, let's dive into action, short the US Dollar, and position ourselves for potential gains. Stay informed, stay connected, and be ready to adapt as the market evolves.
Dollar Weakens After FED AnnouncementsAs of now, the FED interest rate decision has been announced and the FED has kept the interest rate constant. In addition to keeping it steady, Powell still made harsh and hawkish statements. Personally, I have question marks in my mind about how full these explanations are. Because now the job is not just to reduce inflation and most business sectors have started to break. I don't think it can go on like this.
If we are talking about interest rates, the only factor we need to look at is the dollar index. The dollar index has technically formed a descending triangle. The level to be seen in a down break will be $ 98.
DXY index Road Map🗺️!!!(4-hour time frame⏰)DXY index managed to break the 🟢 support zone($102.24-$101.91) 🟢 and support line during the last day.
Based on the theory of Elliott waves, the DXY indicator is completing a corrective Zigzag structure(ABC/5-3-5) .
🔔I expect the main wave C to finish at the 🟢 heavy support zone($101.30-$100.82) 🟢.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
What the DXY's Price Means for BitcoinTLDR:
* There is an inverse correlation between the DXY and Bitcoin.
* Each percentage drop in the DXY could potentially cause a 5% increase In Bitcoin’s price (highly speculative, don’t call the Lambo sales office, yet).
* If this month’s inflation numbers will be below expectations, it could send the DXY below the 101.37 level and kickstart a mini bull run.
The Inverse Correlation between the DXY and BTC
* I am analyzing the DXY because of its inverse correlation with Bitcoin. My premise is that if the DXY loses the 100.37 support, it could push Bitcoin and the crypto market higher.
For example:
* On March 16th, 2020, the DXY tested the 100.37 level as resistance and began a 41-week (287 days) downtrend. The DXY’s drop was the signal for Bitcoin to begin the 2020 bull run.
* On the whole, between March 16th, 2020, and January 4th, 2021, the DXY lost 14% value while Bitcoin in the same period, went up by 845%.
Meaning that for every 1 percent the DXY lost, Bitcoin went up 60%
A more recent example:
* Between September 26th, 2022, until the 10th of April 2023, the DXY lost 12.4% of its value. * Bitcoin, during the same period, gained 69.35%.
Meaning that for every 1 percent the DXY lost Bitcoin went up 5.6%.
* These examples are only meant to illustrate the inverse correlation between the DXY and Bitcoin. I do not claim that correlation equals causation, nor do I claim that the DXY is the only influencing factor on Bitcoin’s price. Regardless, it is clear that if the Dollar index goes down, it is positive for the Bitcoin price.
DXY Analysis:
* The DXY is in a downtrend since September 22nd, 2022. This downtrend is forming a Descending Triangle. The 100.37 level is the Triangle’s support level. I am assuming that a drop below this level will hurt the DXY and could push Bitcoin into a mini-bull run. As far as the DXY is concerned it is 1.5% shy of disaster.
* Furthermore, the Non-Farm Payroll numbers published on July 7th caused a 0.9% drop in the DXY’s price but had no lasting effect on BTC’s price. I think that maybe, the Forex market is a more accurate gauge of Bitcoin’s Future prospects than we, in crypto, realize.
Conclusion:
* This is just scratching the surface, but enough for now. The DXY is in a downtrend and even if we assume that the rate hikes aren’t finished yet, the end is near. If this month’s inflation numbers will be lower than expected, I think the dollar is finished.
* If this month’s inflation numbers will be higher than expected then I assume that bitcoin will continue to chop in a range between 25K – 30K.
The only Indicator you'll EVER NEED!!!!!!!The TVC:DXY works like a see saw...
When one side goes up: the other side goes down: specifically US PAIR$
This Objective Market Wi BME:DOM will lead you to the land f pips and money IF you to the process of UNLEARNING EVERYTHING taught you about trading.
Never over leverage.
Trust your narrative for it is the GPS to the prize!
Have a Great day of trading Family!
My MENTORSHIP is open for another 24hours if you are interested!
DXY will go DOWN to the next support zoneThe DXY index managed to break the 🟢 support zone ($ 103.6-$ 103.35) 🟢 and has now completed its pullback.
Also, DXY seems to have broken the support line with a bearish marubozu candle , and this is a sign for DXY to start falling again, at least until the next 🟢 support zone ($ 102.86-$ 102.66) 🟢.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
20 Reasons For Sell DXY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: The 12-month timeframe shows a clear bearish structure with the formation of a 3rd higher low (HL), indicating a continuation of the bearish move. The overall big picture is not favorable for the dollar. Last year, there was a large wick candle with a tap of the ultimate high order block.
2:📆Monthly: Currently, there is a clear bullish trend, but there is a visible consolidation (choch) on the monthly timeframe. A high volume candle at the top is followed by an inside doji and a fall in price. The price has been consolidating for the past 5 months, but there is potential for further downside towards the recent order block around 98.00, which can be a profit booking area.
3:📅Weekly: The price has confirmed a valid high and formed an internal consolidation (choch), but the low is yet to be confirmed. Based on the bigger picture, we anticipate further downside moves until the 100 area. We should hold our sell positions until the price taps the order block area at 100. A corrective move is expected once it reaches that level.
4:🕛Daily: The daily timeframe shows a bearish structure with potential for further lows. The last low is still protected, but given the bearish trend, there is a high chance that bears can push the price towards the 100 level during the current impulsive move.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bearish
6: 2 Pattern Candle Chart: A window (gap) is present, which can act as a Continuation In Pattern (CIP). Additionally, a descending triangle is putting downward pressure on the price.
7: 3 Volume: Volume increases during bearish moves, indicating more selling pressure. Until the market gives a clear signal, it is not advisable to consider buying at any level.
8: 4 Momentum UNCONVENTIONAL Rsi: The market has lost momentum, but it is not yet strongly in favor of the bears. A strong rejection at the window area or resistance at the 60 level is needed for price confirmation.
9: 5 Volatility measure Bollinger bands: After a big volatile move, the price needs to calm down and may enter a period of consolidation or make a minor correction towards the 20-day moving average before continuing its downside move towards the target.
10: 6 Strength ADX: The ADX indicates a sideways trend at this point.
11: 7 Sentiment ROC: There is no strength in the sentiment ROC.
✔️ Entry Time Frame: H1
12: Entry TF Structure: After a strong bearish trend, there is a consolidation (choch) pattern forming. Upon closer observation, the daily window, extreme order block, and structure high coincide at the same point, making it a strong supply area or rejection point. We will place a sell order when a strong signal is formed.
13: Entry Move: The entry move must be impulsive.
14: Support Resistance Base: Daily window, extreme order block, structure high.
15: FIB: Trigger event done based on H1 timeframe.
☑️ Final comments: Open sell entries at the market opening, and if the price goes further up near the window, consider a second sell entry. A third sell entry can be placed if the market creates an internal Breakout-Sell (BOS) signal.
16: 💡Decision: Sell
17: 🚀Entry: Sell between 102.885 and 102.2
18: ✋Stop Loss: 103.175
19: 🎯Take Profit: 1st target at 100.5, 2nd target at 99.5
20: 😊Risk to Reward Ratio: 1:4
🕛 Expected Duration: 10 days