2 buy entry First entry might stop loss hit After that 2nd entry go far Stop loss thin Take Profit long as much
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breakout confirmed buy and hold some expecting 5x minimum
On Friday we had a bullish impulse on EURUSD that took price to 0,9966. This move will most likely continue towards 1,0050. These will be the next levels where we want to see rejection i potential selling opportunities. This week, we have important news that are going to affect the market again.
The Bank of England delivered a 75bps rate hike last week but also signaled warnings of a deep recession and that rates may have peaked. This brought broad base weakness to the GBPUSD with the price testing a low of 1.1150. Toward the end of the week, weakness in the DXY brought a brief respite to the GBPUSD, with the price trading higher towards 1.1365. Look...
Generally, the price action of the USDCHF has been mirroring the volatility of the DXY. During the trading session on Friday, the USDCHF retraced strongly from the 1.015 resistance level to trade significantly lower towards the 0.9940 support area. The USDCHF is likely to consolidate along the current price level of 0.9960 before possibly trading lower again....
Energy prices climbed on Friday as Brent reached the 92.60 price level and WTI climbed a high of 98.75. This move higher was due to the weakness of the DXY and the anticipation that China was ready to reopen borders, spurring demand for oil. However, as China reiterates its intention to maintain its current Covid policy, both Brent and WTI are retracing lower...
DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall DXY has proven to be very bullish but we are currently seeing the 4hour timeframe as more bearish. Going into this week we’re looking for reactions near our 110.700 zone to better determine where price action goes next. Ideally, we would like to see a...
1. No one is always right when guessing the future. We just try to look for patterns and indicators that suggest a target or that the trend is about to change. A year ago I thought the change was about to occur ( see link below for that chart if interested) but I was wrong. For me this type of analysis helps me anticipate but wait for price action to support...
Core macro themes traders need to roll with: • China reopening plans – after Friday’s incredible moves will the market buy the expected early weakness? Consider copper had a 4 standard deviation move on Friday (+7.6%) and the HShares closed its best week since 2015. • Central bank divergence is even more pronounced – several central banks have underwhelmed on...
Nothing goes up forever. We also have the US mid-term elections starting so there is an air of uncertainty around the markets. If the status quo remains politically, the Fed's monetarism will continue and the DXY should go higher. If things change after the mid-term elections, monetary policy may also change. We have to wait and see. Currently, the only people...
My view about dollar index 1D chart bullish flag ⏏️⏏️⏏️⏏️⏏️
As the DXY weaken on Friday, reversing the gains through the week, the AUDUSD bounced strongly from the support level of 0.6277. In fact, the price rose very strongly to reach 0.6468, just below the 0.65 swing high level reached on 27th October. The AUDUSD is likely to continue climbing toward the 0.6550 price level and slightly beyond, especially if the DXY...
Does history repeat itself? It looks like it might, especially in the case of Gold. Having found strong support at the 1617 price level (and DXY weakening significantly) Gold showed a really strong upside move, as the price shot up toward the 1680 price level. This similar price movement happened at the end of September too. With the price bouncing off the...
The DXY reversed earlier than expected. The previous analysis was that the DXY could climb to 114, with the 113 price level providing some resistance with a probable retest of 112.55 before trading higher again. However, we saw the DXY weaken MASSIVELY on the release of the US employment data on Friday, with some other contributing factors: - NFP was higher than...
Hello my friends, Everything is marked on the chart. I expect the correction to continue until the support zone in first stage then monitor the price's action in the circle. Good luck. If its useful please like it as a support and follow me to next analysis :)
Traders and Investors, As promised, here is the update on EURUSD higher time frame analysis. Remember the last analysis here as below and then further update? An FCP M pattern had already been completed a few weeks ago but the price has just been consolidating. Last week it showed first signs of bullish indication. Although not very strong, these are...