EURUSD LONG DaytradeOn the 15 minute chart with trendlines drawn, a bullish megaphone pattern is seen.
This is a suitable basis to take a long trade with price is near to the ascending support trendline
with a stop loss just outside ( below) that line The trade is supported by the current downtrend
of the USD (^DXY) as seen in the link below.
The megaphone is demostrative of increasing volatility which the experience trader can
turn into profits.
As this is on a 15-minute time frame this entry is only suitable to a daytrader
who is scalping or at least closing the trade within the same session.
Dxyshort!!!!!!!!!!!!!
DXYPullback, we'll see what the market does upon it's opening.
DXY bias looks like it wants to continue to the downslide.
Now that the dust has settle from NFP i'm looking for a push to the downside in the coming week.
Everyone have a safe and enjoyable Sunday.
Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!!
Good luck and Happy trading!
dxy nfp setupseems like this news is setting dxy for a nice pull back after that last explosive move if 104.200 holds we can see another leg up for a move up since dxy made a higher high im still bullish biased over all this pull back most def was needed
now if the next push up doesnt break that last dxy high we could see seelers start to step in
DXY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD BREAKING OUT !!!12 AM 1hr candle is red indicating the bullish set up out of the MZ.
Price broke out MZ structure came back and retested now the BUY is engaged.
Take the Buy to the target zones which are the extreme levels of the ADR.
DXY is falling after Jerome's speech yesterday:) (That's his job to contain the GREENBACK! Typically over the last year when Jerome speaks the DXY cools down.
This causes all US bases pairs to go up.
Let's see how price follows the script today.
#SniperGang
Price Anticipation for DXY 4hr TFWhat is your projection for the direction of DXY's price?
Yesterday, the trendline was breached, and I was monitoring to see if the minor key zone would hold and close below it. Today, the market displayed a bearish trend, and I anticipate that the price will reach 103.854 before experiencing a pullback. If the 4-hour key zone is broken, we may witness further downward movement of DXY.
However, it is essential to keep in mind that market reactions may change depending on the release of fundamental news.
DXY H4 ZONE MARKINGWe have an analysis of DXY H4 zone marking
According to this analysis, we have found that Dollar is a bullish move because of price is moving above the (200MA & 50 EMA) golden cross-over price also tested the trendline 2 times for more information we marked the Demand & supply zone which is mentioned in the downside
Demand zone1@ 104.563 to 104.397
Demand zone2@ 103.676 to 103.492
Demand zone3@ 101.863 to 101.519
Demand zone4@ 100.962 to 100.761
Supply zone @ 105.536 to 105.738
With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers
EURUSD STILL BULLISH!When price does not reach it's full ADR. Typically price will reach for the previous day's High or low the following day.
This is the scenario we see taking place right now.
Set a Tight Stop Loss and let price reach for yesterday's high.
We are at Macro Pivot Point Areas so price should take off soon.
Never over leverage.
Trust your set up.
Have fun!
Everybody eat$
I AM Trading Made Simple.
Master Jedi & Sensi of #SniperGang
DXY 4hr bearishThough i was expecting DXY to get to the resistance key zone marked in yellow above before retracement, but price broke the support of the trend line and it has closed below. I'm changing my bias to a bearish move except market conditions change due to fundamental news in the next few days
dxy !!dxy is here at a key level once again a break here we could see another push down to that 104.4 level first then 104.200 area and if it fails to break back up we could see continued downside
on the flip side if it holds here we could see the dollar get strong
but at the moment its still a bit bearish so there will be some nice usd trade setups
dxy deciding areai want to see how dxy plays out but if the 104.800 level holds we could see a nice move to the upside if not we will see a test of bigger time frame order block which would a nice pull back for a possible move up either way im waiting on price development market is getting ready for some nice size moves