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Fxl_style

DXY correlation!!Price dropped aggressively from retest of broken 200 EMA, previous 3x Top neckline and as well as the pitchforks trend line that was broken. Price broke through 61.8 FIB, will be watching for slight pullback to retest 61.8 FIB which will also retest broken 2x Top neckline. RSI bounced off 50 Level, staying under. The dollar is gaining strength thanks to the positive news this week and Hawkish views from the FEDs with the Fed rate increase as well. Technical analysis for DXY shows an inverted Head & Shoulders on the Daily with price near the neckline attempting to break it, expecting pullback will be to broken 38.2 FIB before breaking the Inverted Head & Shoulders neckline and off we go!! Also the weekly chart printed a nice Bullish Engulfing candle. No entries will be made right away at market open, will be watching closely for a good entry to enter in short! Our group made over 240 PIPS this week off of 4 Trades. We will be releasing our Advanced Technical Analysis and Day Trading Strategy course soon, in the meantime... ...if your interested in deciphering our analysis and staying updated on entries join our newly made telegram group so we can grow together! t.me Follow us on Instagram and Facebook @ FXL_Style FXLifestyle - Trade Your Future
FX:XAUUSDShort
by FXLifestyle
Follow the Market and be patient!Price may go both ways. Weekly chart shows a nice bullish bounce off a supporting range zone from about 2 years now. Now price is mainly being rejected off the 38.2 Fib from the long downtrend on the daily chart, which a rejection off 38.2 FIB tends to be the strongest in continuation of a trend so I may be entertaining going short instead of long. Whichever way the market goes we will follow. Major pips coming soon! Follow us on Instagram #FXL_Style Join our new Telegram group to learn more about how I look at the market, catch pips or just share ideas to grow together. t.me FXLifestyle - Trade Your Future
by FXLifestyle
Trendline Frenzy & Much More.....its an Art!!So our last analysis on AUD/USD about 3 weeks ago with the Inverse Head & Shoulders to complete Wave 4 caught us 130 Pips. Now we have multiple confluence to enter short for the completion of Wave 5. BUT HOLD ON A SECOND!!!..... We are waiting for bearish confirmation off the retest of 2x Top Neckline and RSI bounce to the downside off 50.0000 on market open Sunday-Monday. You can learn our analysis, keep updated and catch pips or just have yourself a lovely time chatting by joining our new Telegram Group Chat! Follow us on Instagram #FXL_Style t.me FXLifestyle - Trade Your Future
Short
by FXLifestyle