USDOLLAR trade ideas
Possible Reversal Dollar Index early signs of lifeIt look like a breaking point the market could transition through the consol and move into a uptrend
U.S. Dollar Pattern Correction will Likely End.I will wait for a breakout push up before entering.
Daily Bull candle.
#USD TESTING MULTIYEAR CHANNEL SUPPORTif king dollar closes below 12300 today, there is no doubt the rally will be tested. WATCH 12120-00
What to do in a choppy market? Sell the top and buy the break!my projection tells me that USDOLLAR has room to continue down this channel until 12050, in the mean time we can sell the top of the channel with a stop outside of it or wait for a break out and buy it!
nevertheless, this is a correction move in a larger trend in the long term, use good money management and do not revenge trade!
Please also checkout my blog at wolfradar.com for analysis and education articles!
Peace!
$USDOLLARTrend is your friend :)
This post is no recommendation for you to buy or sell
This is only my purpose only and view only.
NOT INVESTMENT ADVICE
USDOLLAR LongUSDOLLAR is still correcting. However, major support zone are coming. Let wait to see it this support zone is holding (double bottom, top trend line breakout). Then wait for pullback and go long.
N.B. Remember that this could be the last impulse of a long terme 5 waves cycle which could trigger a massive USD sell off.
Entry: 12525
Stop: 12160
Target: TBD
Bullish CypherBullsh Cypher patter setting up for a long. Once prices reach that area I'll be looking to sell xxxusd pairs and buy usdxxx pairs. GL
Critical level USDOLLAR IndexBreaking the downtrend channel will send the dollar index to the 12476 level again
Breaking the support will be devastating for the dollar wich will go lower at 12240.
Cheers !
Dollar strength however...We had a pretty strong move to the downside, now if this is an impulsive move (trend) or if its just a correction that remains to be seen.
Regardless we have double bottomed and we need a retrace to the upside, however lets not expect new highs anytime soon.
Pattern movement and Fibo studyI always start my studies from 1W Charts, and then move over to narrow it down to 1H charts or less. RED lines come from resistances and support. Pink line shows previous resistance as a new one, and current price is at the .78 Fibo line.
A look at what's happening w/ USDOLLARHere's a clearer look of the post I posted yesterday
Very possible to see USD continue to strengthen for the next couple days before falling hard.
I will be keeping an eye on this for sure.
Hope this helps.
Thoughts?
Possible H&S forming on US Dollar??? The US Dollar has once again doubled bottomed at 12311.
Last double bottom @ this support level occurred between 12-5-16 - 12-8-16 before peaking 12-30-2016
I'm going to hold my Long position with USDCAD also hold my Short Position with EURUSD until I get further confirmation on which way she's going
Thoughts?
