DerbyshireFX

DerbyshireFX

DXY/USD - CHART ANALYSIS - SEE HIGHLIGHTED AREAS.

DerbyshireFX

SEE CHART FOR HIGHLIGHTED AREAS

DerbyshireFX

REASONS FOR THIS TRADE - ON HIGHER TIMEFRAMES, CAN SEE CHANGE OF MOMENTUM/REVERSAL FROM BULLISH TO BEARISH. EXPECTING DOWNSIDE TO CONTINUE. - STRONG SHORT TERM RESISTANCE REGION BETWEEN 1.38231 - 1.38605 - EXPECTING TO BOUNCE OFF THE TRENDLINE. IN CONFLUENCE WITH FIB LEVEL - 0.382. - EXPECTING THE GBP TO WEAKEN IN THE COMING WEEKS.

DerbyshireFX

REASONS FOR THIS TRADE; - BEARISH MOVEMENT IS OVEREXHAUSTED ON HIGHER TIMEFRAMES - CURRENTLY HITTING STRONG SUPPORT REGION. DO EXPECT SOME REBOUND TO ONE OF THE FIB LEVELS - EXPECT RETEST OF EITHER 1.8300 OR 1.18800.

DerbyshireFX

SHORT TERM SELLS, BEFORE THE LONG TERM BULLISH RALLY CONTINUES.

DerbyshireFX

REASONS FOR THIS TRADE; - STRONG BEARISH CONTINUATION ON HIGHER TIMEFRAMES. - ON LOWER TIMEFRAMES, FORMING A POSSIBLE TRIPLE TOP. HENCE, POSSIBILITY OF BREAKING BELOW THE NECKLINE (1.24850) - IF NECKINLINE IS BROKEN THEN THE TARGET IS 1.23600 - RISK TO REWARD RATIO IS 1:2 - RISKING 1% OF CAPITAL

DerbyshireFX

REASONS FOR THIS TRADE; - DAILY SUPPORT LEVEL OF 0.85400 HAS BEEN REJECTED SEVERAL TIMES. - BEARISH MOVEMENT SEEMS OVEREXHAUSTED. - GBP NEWS AHEAD AT 12PM. ANTICIPATING THE GBP TO GO WEAK.

DerbyshireFX

Reasons for this trade; - The market has rejected this level several times. Losing momentum. - Short term pullback to the above-mentioned levels as a retracement, then possible continuation to the upside after retracing to one of the highlighted levels.

DerbyshireFX

Reasons for this trade; - Trading around the strong daily support level 0.96000 (expect a rebound from this level) - The market on this has already manipulated the buyers in the last few days. - Change in momentum from bearish to bullish on 4hr timeframe.

DerbyshireFX Updated 

Those who are possibly looking to place a buy in EURGBP. Waiting for a pullback to 0.86000 level (0.382 FIB LEVEL)

DerbyshireFX

- FAKE BREAKOUT AND TRAPPED ALL BUYERS! - BROKE SUPPORT REGION OF 1.190000 AND WILL RETEST BEFORE CONTINUATION TO DOWNSIDE

DerbyshireFX

Break of the trendline and short term resistance - Looking to TARGET 1.20000