DX1! trade ideas
Update: DX! Long - bounce off support continues As previously discussed on Sept 6, bullish trend continues. Vertical price objective of 112.25
#DXY #F.US.SFX On Correction WatchIn this update we review the recent price action in the dollar index and identify the next high probability trading opportunity and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
#DXY #F.US.SFX The Set Up Into The FOMC DecisionIn this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
THE USDThe US Dollar has broken the bearish trend line and broke two previous highs. This may lead to a change in direction towards 110.265-110.920 if it can successfully break 105.840 and retest it. The red lines mark potential reversal prices but should not necessarily indicate a change in direction.
Please, don't follow my signal blindly, trade based on your own risk.
EX FlatGreetings everyone,
I hope you all had a successful week with profitable trades. I am pleased to share with you my ideas created through the application of the Elliott Wave Principle. It is important to make informed decisions and exercise patience in all your transactions.
Please refer to the chart for relevant details.
I am grateful for your ongoing support and look forward to our continued journey together.
Respectfully yours,
(Mr. Nobody)
#DXY #F.US.SFX Looking To Fade Initial Test Above 105.50IN this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunities and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
DXY Futures DX1! ~ Weekly Swing ChartChart mapping/technical analysis of ICEUS:DX1! for developing long-term Swing Trade strategies.
ICEUS:DX1! TVC:DXY AMEX:UUP AMEX:UDN
DXY Futures DX1! ~ Weekly Swing Chart V2Update: same chart, same timeframe, wider view.
Chart mapping/technical analysis of ICEUS:DX1! for developing long-term Swing Trade strategies.
ICEUS:DX1! TVC:DXY AMEX:UUP AMEX:UDN
DXY Futures DX1! ~ 4hr Intraday ChartChart mapping/technical analysis of ICEUS:DX1! for developing short-med term Intraday Trade strategies.
ICEUS:DX1! TVC:DXY AMEX:UUP AMEX:UDN
DX - US$ Index on the way to the Center-line.In previous posts I already showed how DX is moving towards the CL.
It failed two time, then they cleaned out the Stop/Losses and now DX is on it's way to the Center-line.
Now that we have good confirmation, it would be a no brainer to load the boat even more on a pullback at the CIB line. (yellow).
DX1! - Dollar Index at equilibriumSo, here we have the USD Index at the Centerline at a balanced level.
What if the US$ starts go north?
I would say, markets, which are btw. also totally overbought, are tanking.
This scenario is on point with the CPI today.
Obvious or a fluke?
As always, anything can happen, even a new spike in the Indexes.
DX! LongDollar has entered long term bullish territory for the moment. Look to enter on pullbacks to support.
#DXY #F.US.SFX Two Way Trading Opportunities IN this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunities and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
DXY 2h 2023, 3d chartThe DXY chart for the next few months.
Retesting previous support, curving over the 3d 50sma, under the 3d 100sma the fate of the market rests on dollar price action.
The dollar's fundamentals don't need to be bullish for this to move up. The dollar's fundamentals just need to be better than other countries' currency fundamentals. With the CNY being devalued, this is gonna get interesting.
Dollar extended to the upsideDollar can now be seen as extended on the daily chart. Momentum towards the upside is too strong and not sustainable and a stall in price will likely happen soon and if lucky, a retracement.
Short opportunity: At market as High Risk trade targeting 102.875 as Take Profit - 1 level
US Dollar Index Could Be Topping HereSee the three touches on the upper trend line. If this line holds, the DX price could move down to the 98 area. Also the RSI (10) is overbought.
Such a chart could be used to short the DX, or to go long the EUR/USD and the precious metals such as gold, silver, platinum.
If I were to trade the DX short, I would place an extra big stop loss, maybe at 103.90 or at 104 (maybe even higher) in case of some stop hunting/a shake out before a big move down. Then would carefully add on to a profitable position. Same for going long the other choices: use a big stop loss.
(A strong close above the upper trend line would not be good for this trade; a peek-a-boo move that does not actually close above the trend line means the trade is still viable. Also, a daily close below the 103 area would help confirm this trade idea.)
Good luck!
DXY - Downtrend Could Be Underway 🧐Had been showing what looked like strength pushing up against the Supply Trendline and threatening to break through, but now it has peeled and down, and it looks like a downtrend may have begun.
Notice how SRP 1 is the end of the bullish phase, but more importantly SRP 2 re-tests the supply trendline.
That wicked re-test is so often a big clue that a reversal is underway.
It is bouncing here and we will need to see if the bounce is a connective wave to then break down and through the 4H 50MA to continue the downtrend 🧐.
If it does fall then this can potentially be good for stocks and crypto 👍.
#DXY #F.US.SFX Potential Triple Divergence PlayIn this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target
•Past performance not indicative of future results
#DXY #F.US.SFX 103.80's Bull Bear Line In The SandIn this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target
•Past performance not indicative of future results
#DXY #F.US.SFX Testing Pivotal ResistanceIn this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target
*Past performance not indicative of future results
Sharp corrective patternWishing you a fruitful week
I would like to share with you three business ideas that I have developed using the Elliott Wave Principle.
For more explanation, refer to the attached chart.
Your continued support is greatly appreciated and I look forward to our mutual success.
Sincerely (Mr. Nobody)
