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DOLLAR INDEX (DXY) Key Levels to Watch 💵 It looks like a correctional move started on Dollar index. Here are the key levels for you to watch: Vertical levels: The market is currently trading within a huge rising parallel channel. Its upper boundary is the closest resistance to watch. Its lower boundary is the closest demand point. Horizontal levels: 97.5 - 97.4 is the closest horizontal supply area 94.3 - 94.75 is the closest horizontal demand area 93.0 - 93.4 is a strong support zone to watch The next trend-following move will most likely start only once the price reaches a vertical support. ❤️Please, support this idea with like and comment!❤️
TVC:DXYShort
by VasilyTrader
23
GBPUSD Trend line trading. If you’re steadily following my daily publish you’ll discover that, the market is steadily obeying some key levels. Studying the chart on a 1H time frame, I can see a feasible 30pips bull run from this current state. Tho, no strategy is 100% current but with my view, the market changed structure from the bearish movement to an invisible bull run. I used the word invisible mainly because the high of the previous week as not been broken and today’s daily candle closed at indecision. I hope today’s market will share much light on the exact direction of the market. But for now, trade safely or wait till tomorrow’s London or New York session.
Long
by Bolems
GBPUSD breakout Yesterday’s market shows that GPBUSD as been ranging throughout the day. The market was unable to break the high of a day before and like wise unable to break the low as well. The analysis as shown that GPBUSD is gathering up for a volatile breakout. The breakout in GUBUSD should be Carried out between today’s market or a day after. No concrete evidence yet to explain the main direction of the breakout but it is expected that it might still obey some psychological levels before the breakout. Expecting a bearish during the Asia session, short bull in the London session then NY session can now decide the direction of the breakout.
Long
by Bolems
AUDNZD: Do You See This Cute Pattern Forming 🇦🇺🇳🇿 AUDNZD is trading within an expanding wedge pattern. Reaching its resistance, the price dropped two times forming a head and shoulders pattern. I am waiting for a neckline breakout as a trigger for a further decline. I need at least 4h candle close below 1.0396 - 1.0405 area. Next support will be 1.035 In case of a bullish breakout of the wedge, the setup will be invalid. ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
7
AUDCHF: The Zone to Watch 🇦🇺🇨🇭 AUDCHF is approaching a daily supply area. 0.68 - 0.6815 is a potential reversal zone from where a bearish move may start. Your confirmation will be a bearish breakout of a rising wedge pattern on 1H time frame. While the price remains within its boundaries, though, the market remains bullish. In case of a bullish breakout of a yellow zone, the setup will be invalid. ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
17