Wave 5 underway for DXY. More pain for risk onThe DXY is mid way for it's wave 5 impulse. We expect to see price break the last top formed in late November and go as high as 100 before we see some side ways trading. We are expecting the high to coincide with the interest rates hike to kick in mid March.
Dxyshort!!!!!!!!!!!!!
DXY SHORTS SHORT TERM 📉📉📉📉 Expecting bearish price action on DXY from a short term premise as price takes out all the buy side liquidity above 97.000 and range area, on a intra-day perspective price takes out previous daily high and asian highs that means market is due for a correction, from a long term perspective USD is very bullish for me
What do you think ? Where go next ?
A high Probable #DXY tradeFirst will look at this image but daMN IT DOENST LET ME ADD!!!!!!
here we can see a wick again LOL, which clearly signinifies it is going to reach the lower points and retest it. Whaat!! Yes, but not now, here is a buying phase till
Buying till 96.909
so end results are as such given below. dont expect it to go to 100$ as of now, its ready to retest at 95.912, so what can be done?
buying till targets 97 is there but till there sl of 98.24 and targets to 95.912
Do give a like if you like it and follow all my handlers!
DXY 96.04 - 0.43 % SHORT IDEA * PRICE ACTION & REVERSAL PTTNS HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE DOLLAR INDEX
* The INDEX is currently trading in a RISING WEDGE , testing the ROOF of this structure.
- Short term the pair has currently entered an uptrend on the 4h chart this.
- A break above and close will invalidate the whole set up.
- Looking for SHORT entries on the INDEX this week should all the rules of the formation be met.
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 - SWING TRADE
DXY | The best targets to fall and climb after today's newsHello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the wave count that was performed at higher times, a leading trend was formed and from this trend, waves 4 and 5 remain.
Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it to be a triple zigzag.
So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d.
From wave d, wave a continues to form.
Wave a forms its waves 1 and 2, but what is in doubt is wave 3.
Wave 3 cannot be said to be over or still ongoing.
However, according to the channel related to this wave and the latest resistance to the floor of this channel, wave 3 is likely to continue and with the failure of the range, it is determined that the end of wave 3 is from wave 3 to form its fifth wave and around 97000 to 98000 This upward trend will continue
However, if the bottom of the orange canal is broken, I will consider the fourth wave to have started.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY Update DXY (Update)
After distribution phase at the top, Dxy took a hit and fall to immediate support at 94.600.
We are expecting dxy to be bearish again and make a new low confirming lower high and lower lows (Bearish Trend).
Trade your levels accordingly.
Don't forget to share your valuable feedback in comment section.
Check our other Forex and Crypto Setup on Profile.
DXY SHORTS 📉📉📉📉 Expecting bearish price action on DXY as price takes out weekly high and made a huge bearish momentum that means price is due for a correction, we have a lot of liquidity that has been build on friday low that has to be taken out, please be aware that tomorrow is FED meeting that could bring volatility into USD.
What do you think ? Comment below..
DXY Short ScenarioDXY Short Scenario:
1. Open short when the triangle is broken downwards.
2. Take Profit when the price reaches the critical area.
Don't forget to put S/L.
* Remember, if the price breaks the triangle UPWARDS, opening a LONG position would be logical.
* I do not recommend you to insist and see the chart from only one perspective.
Stay Safe
DXY to at least test 21W EMA (currently at 94.6)• Historically, whenever DXY closes below the 8W SMA while it is in the ascendance (ie when DXY *was* above the 8W SMA, and the 8W SMA *is* above the 21W EMA), this has led to at least a test of the 21W EMA.
• A subsequent failure of this test will lead to DXY further downtrending for several weeks.
• In all probability, DXY will be closing below the 8W SMA, while being in the ascendance, in several hours.
• There is hence a high probability of DXY at least testing the 21W EMA (currently at 94.6) in the coming weeks.
Wave 5 coming for the DXY?All eyes are on the fed's meeting next week. If they mention anything about increasing interest rates at a faster pace or with higher frequency, the market will get more jittery. My guess is this hawkish bear stance is almost coming to an end and the risk on will pamp once the interest rates hikes actually kick in. For now I'm bullish on the dollar, it should see some resistance at around the 96.1 level, find some consolidation and it's off for the wave 5.
DXY SetupDXY is trading in a short term tentative bearish parallel channel. Two senarios can play here
1. Bears Control - DXY take a hit from parallel channel and drop to support level.
2. Bulls Control - Price break sharply above the parallel channel and meet its recent high.
Trade your levels accordingly.
Bearish DXY move to 93.5???Just as previous stated in the previous analysis:
-I was expecting price to make make a bullish retracement and test the former neckline/area of support.
-Price found some bullish momentum and tested this area which is now acting as resistance.
-Also price retraced and is now respecting the 61.8 Fibonacci level.
-This also give indication that price is ready to make a bearish push.
I am expecting price to drop possibly to 93.5 area.
Like, Comment, Follow for more. If you see something different or disagree, feel free to post your own analysis in the comments!
DXY 95.17 - 0.32% SHORT IDEA * PRICE ACTION & REVERSAL PTTNS HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR INDEX .
* The consolidating in a descending channel CHANNEL is complete as we saw a break below of structure after it was respected with a couple of touches .
- Short term the index is currently entered an up trend as we had a (HH) break ABOVE of previos swing low on the 4h chart.
- There are 2 levels of interest or supply zones that the index is currently rejecting & the demand zone aligning well with the 61.8 FIB RETRACEMNT LEVEL BEFORE we see continuation with the bulls for our ( HH).
- Looking for SHORT entries on the INDEX SHIRT TERM, overall long for this week should all the rules of the formation be met.
HERE'S WHERE WE WHERE THIS PAST WEEK.
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 - SWING TRADE