Positioning is one of the most important part of trading before taking any trade so i will be showing how i look at market positioning . N.B My voice sounds choked am blocked sorry for that hope you enjoy the video guys!!
Am showing the simple way to break down dxy and be on the right side of the market avoiding early entries .Every analysis must be started from bigger timeframe and as you go each timeframe must unlock the other .
Correlation of DXY and usd pairs has been a topic many talk of so thought i will share my thought and how i use DXY to take on positions.
Basically just showing an update for the GBP/CAD analysis i shared and how the trade payed out leading to 3 break-even trades and last final entry i took and currently holding ......
Looking from monthly ,weekly price has triggered liquidity and moving to daily price committed through a follow through leading to the break of previous structure low and close below .From just that it was clear indication for me that market is primed for selling momentum .
How i traded USD/ZAR with correlation to DXY , nice trade ended up 7%
overall currently we still bullish but on 4 hour we going to retest previous high and am expecting we might reject from there to go down and come back up to form an ascending channel with double top or we go down then form a continuation pattern to go down but either way we looking to sell .
overall im looking for sells just waiting for a correction then once direction is confirmed im going for sells but remember long term trend are buys so this is a short term trade .
Overall am looking for swing sells since we have not retested 4hour low , so im expecting market to give us a third touch on the ascending channel then i will be looking for sell opportunities once i get clear price rejection .
Currently we have a third touch on a descending channel with a double top plus bearish engulfing pattern on 1 hour , pair is ready for sells.
as we looked on monthly we still looking for one last move to complete buy positions and as we go to lower time frames 4h and 1 hour we see that market is creating a reversal descending pattern to signal potential buying opportunities coming into the market soon , overall market direction seems to be still bullish .
So as we saw guys on weekly we looking for those long-term selling opportunities and we just broke out of structure impulsively so , now going to daily timeframe we spotted a potential inverse head and shoulders showing us potential buying opportunities .Then coming to h4 we spotted that we have an ascending pattern showing us those selling opportunities but not...
So just looking from weekly timeframe we inside an ascending pattern showing future selling opportunities , going to daily timeframe we spot we created an ascending pattern showing same selling opportunities and on 4 hour timeframe we spot a head and shoulder pattern in formation not yet confirmed but we saw we also saw the possibility of going up to create a...
looking at bigger picture on daily timeframe we broke out of a descending channel and also noticed that we forming an inverse head and shoulders .Then as we go down with timeframes on 1 hour we noticed price is inside a descending channel and we currently retesting our neckline of the inverse head and shoulders so we just waiting for price rejection then...
Hi guys looking from daily timeframe nas100 has been correcting down to retest previous low and now that it has and gave us a third touch confirmation on support its buying so from just looking it was in a descending channel on daily timeframe and broke out impulsive . Going to 4 hour i spotted that we had an impulsive move then market corrected giving us our...
Hi guys looking at weekly timeframe as you saw we have a head and shoulders creating showing us buying opportunities and going to daily we inside a descending pattern looking to go long .Going to 4 hour we inside an ascending pattern showing us short term selling opportunities and on 1 hour we broke out of a continuation bullish flag confirming selling...