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Positiontrader

DXY Bearish Longterm.Back in May of 2002 price created an imbalance in price for Dollar Index (Monthly Chart). Price had only participated in sell-side delivery, leaving behind buy-side inefficiency. Since that time price has returned to that Monthly SIBI (Sell-side Imbalance, Buy-side Inefficiency. Fully closing the imbalance, making price completely balanced. From that strong Point of Interest, price has reacted aggressively to the downside. It is of my opinion that the Dollar Index is long-term bearish. Short-term i'm under the opinion that the Dollar Index is Bullish, and heres why. Last month price dipped into another monthly imbalance in price...to the upside. I believe this is the first retracement leg for the overall Long-term bearish move. I am bullish DXY until price reaches equilibrium of the most recent monthly range swing high and swing low. Primarily I would like to see price retrace to the .62 FIB for what I believe to be an Optimal Trade Entry. Perfect for Position and Swing traders. For Day Traders/Intraday Traders, I will be anticipating price moving lower to attack sell-side liquidity, then take price all the way up to the level prior mentioned. Ultimately I will buying into the sell. What this means for me is that I will be firstly selling Foreign Currencies paired with the Dollar (i.e. EU, GU, AU etc...) to later buy them once DXY reaches the specified Point of Interest. (.50 FIB/.62FIB or a close of the Monthly -FVG) I hope this idea helps you with your trading. Bless.
TVC:DXY
by chaarate
Weekly Hedge Position Idea Nzd/UsdHello Traders, Here you can find my weekly trade ideas (unconventional fundamental trading Style, not that what most People know as "Normal"). They mainly serve to achieve a possible learning effect or to show other perspectives how other traders set their positions and act, should be very interesting. The focus is on the "point of view" (learning through seeing). All trades amount to Fundamental, Economical, Mathematical, - Technical information. In the 4 years that I have been trading now, I have simply learned that the trades are only as good as the information that is based on them, the higher the density of information, the better and more likely that the trade will work. Every week on Sunday there is an update, because new information is published over the period. Depending on how these end, the trade is either closed "early" or it continues on its way towards TP (Take Profit). CRV (opportunity-risk ratio) is ALWAYS 1 to 3. Trading style includes hedge and trend based swing trading and position trading approaches. Please use your own criteria (entry, exit,etc.) and don't be a copy, otherwise it won't work, find out which style suits to you. My Trades are always Market Entry, like you can see. Enjoy. Have a nice Week :)
Long
by JR_Tradingideas
$XHV Looking StrongAfter the recent sell-off with Bitcoin a lot of the Altcoins dumped and have been on sale. Haven Protocol recently bounced off of strong support and is one of stronger ones in my portfolio. This also has some confluence with the bullish MACD crossover. This technical support will need to have some more volume to break the local top of Haven's mainnet release. We are now entering what the dev team is calling a multi-week "Announcement Season." If Bitcoin, maintains above $10k and pushes back up then this will coincide nicely with the "Announcement Season" making for a new yearly high and resuming price discovery. What do you think? Cheers!
XLong
by Slamminammon
AUD/NZD Short Bias IdeaRecently we've seen AUD/NZD gain a nice bull trend from its lows at 1.03549 with a 300+ pip move to the upside. Currently price is testing the 1.06950 zone with a triple top in play. Al-thought on the lower time-frames we've had a nice bullish trend, I'm still playing this trend on the short side based on the weekly trend being under the 200 EMA at this very moment and price is testing the area of the 200 EMA on the weekly. In the coming days / weeks I'll be looking for selling pressure or evidence price wants to come to the downside.
Short
by fxjoe_