Potential setup on a Daily chart. Will re-look when price gets to the zone for a reaction.
US Dollar Index Monthly CLOUDS - UP Elliot Wave - We can Identify 5 Waves up, with the 5th wave fall at 78.6 retrace Caution : 5th Wave looks incomplete as it needs another up to form the 5th wave within the 5th wave… Weekly CLOUDS - Down Its finding support as weekly closed at 105 (previous resistant) Momentum is still UP Daily CLOUDS - UP RSI Forming...
- Short at chart area (ABC correction) - Looking for lower targets however first target at demand zone -
Looking at dxy correction of c wave And usdjpy gap filled and down on a retrace before attempting further upside
Price exhaustion 1hr chart looks like a failed rally 4hr RSI divergence DXY also at strong resistance
- Daily and 4Hr RSI Divergence - With 3 Drives to top - Looks like 5th wave completion and now into a correction . - Should take partial's at breakoutzone
- 1hr RSI Divergence entry at 61.8 fib - Trend on 4HR Ichimoku clouds is bullish and finding support at the clouds -
Tried to pick bottom, Failed 3 times Got in on 1 min as i monitor DXY for reversal
Just thinking it is a failed rally on the DXY And EURUSD will rebound from here as well as a Support Area Very high risk I entered with a 1 minute chart.
bla bla bla bla 4HR - RSI Bearish divergence - 30k is 78.6 % retrace and confluence of resistance - Cyper pattern too
Buy SEtup - this is what i believe buy at completion of correction Don't copy me :)
Looking at the correction, it had completed 5 waves and reached a point where should continue the up trend to retest high or break. Went in long with a tight s/l for my journal only do not copy
Just trying my luck for my journal Don't follow me
In the trade, saw the opportunity So i jumped on it don't follow me
Looking closely at possible retracement area, at time of posting, i think there is another low, and will look at 22,800 area with confirmation of price action before entering long
To keep track on my idea don't follow me I just like this idea
Just a 1:1 as my stops are quite tight Just for my journal
Potential sell and near resistant at the correction C