USDOLLAR trade ideas
USDOLLAR Short D Leg CompletionUSDollar has rallied after the 2008 financial crash. I believe this is because of bailouts to many banks which in turn may have given a false run. I believe we are looking at the completion of and AB-CD formation. Due to the state of the US, and turmoil in the white house, I believe we can be looking at a Bearish Dollar for the next couple years. Price must break 12600 for me to believe the dollar will continue to be Bullish
USDOLLAR VIEW12566 (QMM) shall be the place for sniper entry during big news such as FOMC or NFP but market might not moving so fast this week as NFP, so I anticipate it might be a possible destination for FOMC March 16, 2017 before a big let out (which I anticipate USD will not hike rate this month).
12533 onwards will be an alert zone where price moving back into supply zone.
For the time being, USD is in the move of corrective wave, and I anticipate 12385 shall end this move and shall hit a higher high than last week 12452.
Demand Zone: 12340
Demand QMM: 12313
USDOLLAR INDEX - USD Long BiasTe chs
1. We are trading above the high of JAN 2016 which is a very significant level (S/R)
2. The Willis Zone bounce indicates a highly probable leg to upside
3. Golden Ratio Correction increases odds of a leg up
4. Weekly Close above previous 5 weekly candles
Fundi es
In light of the FEDs likelihood of an interest rate hike, bulls will be coming in strong potentially pushing FX:USDOLLAR into NEW HIGHS
Personal Note
I am not trying to predict the exact movements of price. I am just pointing to my bias on the weekly timeframe. I will go long and short the USD during 2017.
"Its not about trying to be right, its about making money" - Ned Davis
"I profit and I will let others be the prophet" - Rodrigo Antonio
Warm Regards,
US Dollar wait for buyI think that the end of this week will be characterized by a pause after impulse of latest days, so I wait for price action in the green zone. We'll see what happens.
Patience
$$ Update soon
Still PracticingSame as the previous one. Just forgot to take out the RSI and MACD in the other one so I can see better.
Thanks.
Still PracticingJust testing some Elliott Wave and fib to see where it will hit. Still don't know what I'm really doing. So don't take any of my ideas.
Thanks
#USD Direction determined next week with gartley Will gartley hold to target abcd completing at 50 fib? If not we target the other, which will be testing multi year channel support. Huge price discovery in the making. Trump rally playing out through harmonics
US Dollar Anticipation (Manipulate before a Big Downtrend)Just my two cents. Market maybe manipulate and stop hunt happens and at the end of the day, market will move towards the trend again after the stop hunt for late sellers.
USDOLLAR Correction and Downside ExtensionAs certainty about the details of Trump's Fiscal Policy emerge the Greenback is set for a correction to the upside, however cyclical factors will see the Greenback extend to the downside. Upcoming key support levels at 12,100 and then 12,000
