Updating my DXY chart I came across a possible trade forming on the lower time frames (5M). The blue lines are my 5M zones and I'm willing to risk in about 10 pips or so.
If we cant finish the week below 94 I will be expecting and looking for a reversal and eventually a retest of resistance zones in the 96 region. If market conditions are favorable up around 96 I will look for bearish DXY plays. Looks like we are playing major price levels for the time being i.e. 94 95 and 96. Currently waiting for 94.2ish for possible bullish DXY...
going to risk some on EurUsd and try and catch this top. DXY is starting to look like it wants to make a bullish correction so lets play the game
because EU stopped me out last night will be trying EU and holding UCAD
Still seems bearish on DXY . We can see here DXY has broken 95.20. It seems to be holding below on the lower time frames but its still a bit early to tell. Ideally I'd like to see 95.25ish hold as resistance and then look towards 94.75 for closest support. My Eur trade got stopped. Usdcad , UsdChf , and Usdjpy are all looking good and have stops well into...
96 seems to be the battle ground. Long EU for now and a usdcad trade you could take off this chart
EU broke finally broke through the resistance zone. Lets see how far it can run
could even put stops at 1.354 and get some crazy R/R
Still watching short EU and GU plays with this bullish DXY idea. 96.4 we have our first resistance zone and if we get to new lows (95.75) there will probably be a new chart out
Time for a short trade. Keep in mind this is target 1. This thing could fall to the 1.12 area
Alright DXY you convinced me... incoming resistance is highlighted. Long EU
dxy had a false break out. we are now back under resistance. long EU for now
DXY got me on the false break out. Trying EU long again as we are now, yet again, holding under that resistance zone
DXY held support and is breaking higher. Short EU until proven otherwise. From this point on I will be posting DXY and EurUsd Charts ONLY. You will need to message me if you want to see my analysis on a certain pair.
this trade is based off the DXY idea linked below From this point on I will be posting DXY and EURUSD charts ONLY. If you want my analysis on a specific pair you have to message me.