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UPDATED DXY ANALYSISok! so i was too quick to jump to a conclusion on my first DXY analysis but then after looking at gold i have changed my bias because of the following... 1. gold moves in relation to the dollar index and gold is about to hit a major resistance level and major downward trendline 2. whereas dxy over here has also just respected a weekly resistance level and has started off the week bearish 3. i'm expecting the market to break my inner H1 upward trendline (or even respect it) then i'll short the DOLLAR
TVC:DXYShort
by K0KETSO
YEN BASKET SELLlistening to call me if you get lost and on one song he was like "rolls royce pull up black boy hop out" resonates with me 100% 🤣 okay yen basket... • last week marker respected my upward trendline for the 3rd time and bought • reached a level of resistance and lost some steam as we can see by the short bodies of the candlesticks • which all this caused a period of consolidation and an upward consolidation pattern at that • so i'm expecting that pattern to break and then only will it be all systems go to SHORT the YEN BASKET • take profits will be set at the trendline as i expect it to go test it again or maybe even break who knows GREAT SUCCESS!!!
FX:JPYBASKETShort
by K0KETSO
1
XAUUSD SELL let's gooooooo super hyped for this week prayed before hitting the charts currently listening to clb just vibing but here is what we have on GOLD over here... • so a downward trendline has been formed on my DAILY and WEEKLY with two touches • so now market is approaching the trendline so i'll be looking to go SHORT • once market reaches the trendline i'll be looking for price to respect it by closing below the trendline on the H4 and D1 but then i'll enter based off my H1 where i'll be looking for a bearish confirmation candlestick • SL will be put just about that resistance level and TP1 will be by the opposing upward trendline GREAT SUCCESS!!
FX:XAUUSDShort
by K0KETSO
yen basket sell• this pair has formed a channel on the daily and weekly timeframes • and for the past trading days it has formed an upward correction on the DAILY and H4, after a huge bearish impulse • a third touch on the corrective pattern happened yesterday so market was bearish today and i'm looking to see it carry on it's bearish trend until the support of the channel • an inner trendline formed on the H1 and H4, it has been broken together with a support level which makes it able to SHORT the YEN BASKET (H1 closed below support) if we had missed the initial breakout
FX:JPYBASKETShort
by K0KETSO
NZDJPY BUY• similar to my GBPJPY analysis this pair has formed an upward and downward trendline touching both 2 times • it's previous test was of the upward trendline so now i'm expecting market to go up and test the downward trendline • on the D1 it formed a corrective pattern and has converged by the apex so expecting the buying power to continue making this pair BULLISH • all because the H1 broke above the corrective move and closed above it so buy orders will be placed • tp is set at the previous high but for my swingers the second tp i put there is for you guys • correct me where i'm wrong God bless... GREAT SUCCESS!!!
Long
by K0KETSO
YEN BASKET BEARISH CONTINUATION so what we have here is... • this market has been BEARISH from pretty much 2020 and has formed a DOWNWARD TRENDLINE/BEARISH CHANNEL • in september price respected the downward trendline/resistance of channel and has been in a BEARISH move towards the support of the trendline •so in the past week there was a corrective move seeing by the short term change in direction and small bodies of the DAILY candlesticks • a downward and upward inner trendline were formed and now market is by the apex so expecting a breakout to the downside and price is to go respect the support of the channel • i'll only enter if the H1 breaks and closes below the upward trendline but then if market goes bullish we adapt and change our approach GREAT SUCCESS!!
FX:JPYBASKETShort
by K0KETSO
USDCHF BUY • on the D1 timeframe the market has formed a downward and upward trendline • market has respected the upward trendline and a bullish engulfing candlestick has formed so i'll be looking for market to go test the downward trendline again in the next coming days • as market converges by the apex i'll be looking for a breakout but now i'm looking for LONG TRADES • on the H4 an inner downward trendline was formed so once market breaks it i'll go LONG and targets will be by the downward trendline
Long
by K0KETSO
4H Chart - Gold going to Raise up to 1800$ expectedGold was bearish then consolidation and now it is time for some bullish, gold inside an ascending channel, I am going Long. DXY ıs at 91 at the weakest level, we saw on Monday how the USD was bearish. Be aware, all technical analyses are subjective, and the analysis may differ from one to another. When you establish your trade, make sure you setup a SL before TP. Don't risk more than 1-2% of your account, cut your losses early, and don't over-trade. Good Luck to every on :)
OANDA:XAUUSDLong
by samir78faraj