Dxyshort!!!!!!!!!!!!!
US DOLLAR CURRENCY INDEX DXY View1)DOUBLE TOP
Rejecting from previous high
2)If it respect previous high(109.30)
Expecting a correction towards downside
which leads shortterm USD weakness
3)Incase if clear daily candle close above 109.30
on daily Timeframe then only
more dollar strength towards Target of 113.70
Otherthan,that correction towards downside will continue
DXY create Elliott wave.So Short sell, long buy
In this situation DXY chart Hopefully create Elliott wave.
So, market need seems to SELL correction at 107.700 support
zone. Then Market fully BUY to 109.300 resistance level.
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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.
SHORT DXYUS dollar is pullback to broken trend line after 5 week bearish move and ready to drop again.
US economy shows signs of peak inflation and it will satisfy the federal reserve to rate hike 0.5 percent in September.
So, Dollar index will week after this and its time to short it.
Trade safe.
Good luck.
DXY, Looking bullish. Hi Traders,
DXY is shaping up to see some momentum to gain some ground as we can see price is moving within a reversal structure and impulsively reversed off the bottom boundary of the HTF ascending channel creating continuation correction. On the LTF, we can see price was falling within a smaller wedge structure inside the HTF reversal stucture with a Breakout and now in a developing continuation correction.
Thanks
Trade Safe.
EURUSD GOING NORTH for the WINTER!The DXY has begun it's decent to Miami getting ready to board a Ship further south to Columbia:)
When the DXY DIPS EURUSD goes North for the Winter.
They are Ying and Yang. This is all the confluence you need for a Long set up into the Next ADR Profile of EURUSD 101 PIP$
The fundamentals all point to the DXY coming down due to inflation. Mr Powell's manipulation oops I meant press conferences did the trick. His job is calm the markets and he did just that.
By causing the DXY to fall it allowed EURUSD to REBALANCE. This is the Narrative for this Long Set Up.
Never over Leverage.
Trust your trade Set up. As long as you have a underlying narrative behind your set up Trust it and give it time to develop.
Have Fun!
I AM Pro Trading Made Simple.
I represent #SniperGang
LETZ GET IT!!!!!!!
DXY Downlink formationDXY Downlink formation
Tipping point with down channel seduction
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DXY possible drop!!DXY ( 4h) has broken the support to the downside and opened with a gap down today. The price is just below daily support and 20EMA. As there is head and shoulder on the daily, There is a possibility of dropping the price to the downside to monthly support. As the monthly candle close, we could drastically drop as per price action formation.
If you like this analysis, Give a big thumbs up and also drop a comment to help the idea.
The BLUE PRINT.Price has 3 moves:
1. Up
2. Down
3. Sideways aka CONSOLIDATION
Learn these moves and you have found your Broken slot machine.
Anytime the DXY breaks south like this EURUSD will Go to the North Pole:)
The DXY is the only INDICATOR you need. It doesn't LAG and is real time price action.
This chart is self explanatory.
Never over leverage.
Always trust your trade set up. You're rarely wrong just EARLY. So let your trade develop with TIME.
Most importantly : HAVE FUN!
I AM PRO TRADING MADE SIMPLE.
I REPRESENT #SniperGang
The Action has Begun!The DXY has opened Bearish.
The 15min TF on the DXY has a GAP at 107.151 - 107.209. The DXY likes to fill imbalances sooner than later.
Leveraging this wisdom in confluence that there are imbalances to fill on EURUSD the Long Set up now is in effect.
There are 20 pips in the zone 1.01434 - 1.01711 that price is clearly going to fill up.
After EURUSD Rebalances those imbalances there should be a very heavy DIP SOUTH when all of the expected NEWS hits today.
Look for signs of the dip at 1.02206.
Never Over Leverage.
Trust your analysis and give it time to develop. Remember patience is key and nothing great is built quickly therefore allow your trades to mature. Remember you're almost never wrong just early.
This is a 6 Trillion Dollar Space so the $ will never run out. Have Fun and enjoy the show!
Now lets see how price follows the script today!
I AM PRo Trading Made Simple
WILL DXY GIVE US WHAT WE NEED 🤔On current structure price is forming a kinda reversal pattern which is an ascending pattern so basically there is a higher chance that price will Break below to maybe form a lager head and shoulders pattern and that'll give us more confidence/confluences for a valid drop.
LOOKS BEARISH
Good luck Always stay safe and trade safe!!
50 PIPS UP!!!!! 50 PIPS TILL EXTREME.
Once price breaks Morning Zone Level it has 50 pips to range NORTH.
The DXY has broken South like a Knife off the 50th Floor!
Thus confirming the Long into the extremes of EURUSD.
Learn the ADR of the asset you choose and you will never trade blindly into its extremes.
Each asset has boundaries that it crosses only 20% out of 100.
Leverage this wisdom with the Fact the DXY has made a move south and your short set up will become evident.
Never over leverage.
Trust your trade set up.
Have FUN!
I AM PRO TRADING MADE SIMPLE!