Dollar Index in an uptrend. Observing if price strengthens...XXXUSD pairs to sell and USDXXX pairs to buy
Break of the trendline and respecting the resistance. Solid sell set-up. If price re-enters the trendline, bias may change.
There is 4H MacD Divergence and price is currently retesting the top of the range after the break out. There is an uptrend on the higher timeframes. Priice is showing signs of getting ready to drop and make a Higher Low, however we need to monitor if price re-enters the range or if it respects the top break-out, there is a chance it could push higher before selling.
Potential outcomes for this pair. I'm looking for the sell, these are the price reactions I'm looking for in order to enter the sell (red) or buy (green).
Still looking to hold until price reaches that lower low. Has been trending nicely
Looking at the trend, I am looking for price to continue on its downtrend. Currently at a S/R zone, reaction to zone should be taken into consideration once market opens. Overall I am bearish.
Was looking at UCAD for a short, however USD (though at a good resistance level w.r.t technical analysis), shows fundamentals that appear to be bullish tomorrow. What this could mean for this pair is that when USD strengthens, the pair will move higher. As for now, I'm paying attention to how this pair reacts to this S/R zone and how it will react to the news...
Looking at a potential short on this pair if we see some strength gain on the us dollar. Good resistance zone and potential H&S pattern.
Looking to catch the sell within this channel. Awaiting more confirmations, overall strong downside potential.
Looking how we react to this key area this week. If we see continuous strength, XXXUSD pairs will sell while USDXXX pairs will buy. However, pay attention to the fundamental aspects that may cause volatility and uncertainty.
Looking to see a bit of a pullback before getting in for the sell. Keeping SL small, targeting 80+ pips profit.
Looking at the trend continuation (maybe too late of an entry as a better entry would have been at the bottom of the channel)...however with the high impact USD news tomorrow, this is a risky move. To be on the safer side, I'll be looking to enter next week, depending on the news reaction. But as you can see we had a strong channel formation.
In this particular set-up, you can see we had three really great opportunities for entry. Entry highlighted by yellow horizontal line, let's review what i saw. On the Daily TF, I noticed the uptrend since Nov. 2020, a pullback was clearly due, we had a HH being formed. On the 4H we had strong resistance and I took entry from the 1H, waiting for the break of the...
Two things we could see happening: either Gold sells back to the trendline or S/R zone now and bounces off for the buy OR Gold pushes higher now and pulls back to then complete the momentum move up. Overall UpTrend is being established and we are continuing to see a weak dollar..
What i want to see for Gold..we have to breakout the consolidation and fail the retest for the entry
Possible EURUSD set-up. Double Top before heading back down to the trend line. I want to see a reversal sign on the smaller timeframes before selling
Once it breaks the trendline and fails retest, i'm looking to sell
Potential set up for next week. We'll see how it plays out with respecting the trendline. Following the trend. looking to catch the impulse move