THE DOLLAR HAS SHOWN WEAKNESS, EVERY MONTH. WITH ECONOMIC EVENTS LIKE NFP BEING USED TO MANIPULATE PRICE. WITH THE "STABILITY" OF THE DOLLAR LAST WEEK. I HAVE SEEN THAT AS AN OPPORTUNITY TO FURTHER GO SHORT ON THE DOLLAR INDEX OR ALL USDXX PAIRS.
ITS NEVER BEST TO TRADE IN THE BEGINNING OF ANY MONTH, BUT IF A SETUP AVAILS I TRADE WITH PROPER RISK. HERE IS SA40 OVER TREND WAS BULLISH FOR THE MONTH OF AUGUST AND WHAT WE HAVE IS CORRECTION NESTED ON DEMAND, LONG SA40 WITH 2% RISK RATIO.
OIL HAS BEEN ON A LONG WITH MONTHLY AND WEEKLY CONFIRMING ALIGNMENT, PRICE IS FINDING CORRECTION ON AN INTRADAY. I HAVE MARKED OUT PLACES I WILL BE FINDING DEMAND FROM HIGHLIGHTED ORDER BLOCKS.
WITH THE RALLY OF ANY NATION STOCK MARKETS, ITS TENDS TO DIFFER FROM ITS CURRENCIES PERFORMANCE. WE HAVE SEEN THIS WITH THE US,STOCK MARKET AND THE DOLLAR INDEX. THAT BEING SAID WITH THE RECENT BEARISH DOLLAR TREND, I HAVE HIGHLIGHTED OUT MY AREAS OF SUPPLY. TO HOPEFULLY CATCH THE LAST DROPS OF THIS MONTH.
WITH AN ONGOING SERIES OF SHORTS IN THE DOLLAR, SOME IMPULSIVE AND SOME HAVE AN EXTENSIVE SHORT IMPULSIVE FORCE. CURRENTLY LOOKING TO SHORT THE DOLLAR ON THE TWO SUPPLY PRICE BLOCKS. REMEMBER APPLYING 2% PER TRADE
PRICE HAS OVERALL HAD A RALLY , PRICE HAS BEEN TRYING TO FIND DEMAND TO FORM A NEW HL (HIGHER LOW) WE SHOULD SEE PRICE STABILITY. KINDLY FOLLOW MY WORK I WILL BE SHARING MY WORK ON ONLY PAIRS; AUDUSD, CADCHF, EURGBP, GBPJPY, USDCAD, #JP225 AND #U$ INDEX). BONUS PAIR WILL VARY.
PRICE HAD MANAGED TO CLOSE THE UNFILLED CANDLE, FINDING DEMAND. PRICE SHOULD FIND STABILITY
HONESTLY I FIND TRADES RISKY WHEN THEY IS BOTH A FORMATION OF A NEW MONTHLY, WEEKLY OR DAILY. BUT A TWO WAY SCENARIO CAN OCCUR SO BEING REACTIVE IS HIGHLY RECOMENDED
HAVEN'T ENTERED WAITING FOR A LITTLE DROP TO GIVE STRUCTURE, THEN WE GO SHORT. A DOMINATE RALLY WILL LEAD TO A CHANGE IN SENTIMENT AND I WILL LOOK FOR LONGS AT 18:00 UTC+2. KEEP UPDATING HOURLY.
Price might have reached my supply zone by the opening of the Asian session, i will be on the lookout for supply blocks.
A bullish push will accumulate positions in this scenario, temporal longs can be taken but highly risky. We saw the beginning of the week showing bullish sentiment price later dropping and breaking previous structures or lower high. we should see price reverse find supply to sell off into what i hope is the new bear market in the month(s) to come but i will...
USDXXX has been overall short and with yestarday closing low we expected either price drop or a demand retest we at one of the orderblocks.
daily breakdown for the overall bull we've been on. finding stable demand and long. don't get caught up in the daily' temporal reversal mania and shorting into demand. Shorting is advisable on a short term if price closes significantly lower than today' open.
NEW LONG POSITION, with every drop in a bullish market we look for longs. cheaper price to go to new highs
capitalize on the gold rally from liquidity spots, at this point just finding demand and buying is best than continuously shorting a bullish market.
THIS PAIR HAS BEEN SITTING AROUND DEMAND AND LONGS WERE THE INITIAL TREND WE WERE LOOKING FOR. WITH PRICE SITTING ON A ZONE WITH THE AID OF STRUCTURE WE HOPE TO SEE ATLEAST CLOSE ABOVE TODAY' OPEN. SO WE CAN LONG INTO TOMMORROW