Dxytradingsetup
DXY Long Trade Idea (5/7/19) 4HR Chart DXY Long Idea (5/7/19) 4HR Chart
- Price currently broke the trend line that I have placed on the 4HR, and had a retest of that trend line .
- I am looking for the lower high to be formed on the overall bullish trend line , so once price reaches the 61.8% fib level and the 4hr disturbance
zone (orange).
- Once the reversal occurs, price will then reach at least our first fib target at 99.00
DXY Long Trade Idea (5/7/19) Daily Chart DXY Long Idea (5/7/19) Daily Chart
- Price currently broke the trend line that I have placed on the 4HR, and had a retest of that trend line.
- I am looking for the lower high to be formed on the overall bullish trend line, so once price reaches the 61.8% fib level and the 4hr disturbance
zone (orange).
- Once the reversal occurs, price will then reach at least our first fib target at 99.00
(4HR Markup Linked Below)
DXY - 500 Pips Short OpportunityDXY has been in a consolidation area sine the end of January and hasn't been able to go any higher. We could expect it to break it's current support to continue the bearish trend it's in and fall even further down as there is yet no signs of strength.
Wish you all the best :)
Happy trading!
DXY - Larger Structure FormingHey Folks,
Long time no see.. I've been busy with life in general so I didn't have a lot of time to post on here.
Here's my analysis for DXY as I've been looking a lot at EURUSD in combination with DXY lately and I must say, they work perfectly together!
DXY has been forming a nice larger structure with a 3 drive down into the 800 EMA and then reset up.
In between you can nicely see the H1 Resets (marked).
We expect price to move up some move over the course of the week (of course with some pullbacks) to then finally form a M structure and drop off.
This process could last until next Friday as there is NFP news coming out and Market Makers looooove to use the news to move the market...
Let's see :)) Happy trading to everyone!
DXY, 4th & 5th waves aheadHi guys !
Last week i shared an idea where i said "DXY is going back to 96". That's happened, perfect (linked below).
For the next week, a correction should happened to 95.5 to finish the 4th wave.
Then, the 5th wave could start and pump DXY toward 96.2 or higher.
That's sound good with my previous analysis on EURUSD with a great bounce on the BUY ZONE (linked below).
Let me know your advice !
Thanks for your time !