jefferson_the_chartist

jefferson_the_chartist

I'm currently bullish on dxy on the short term, let's see how it plays out

jefferson_the_chartist

We are seeing momentum at a very major psychological level on the dollar index. I'm going in with a 3;7 risk reward, let's see how it all plays out

07:19

jefferson_the_chartist

Price has the tendency of going into the previous day's supply OR demand before continuing in another direction. This observation however is not 100 percent as price does not always respect previous supply. What gives an edge in this strategy is the ability to look for price action confirmations at daily supply zones.

jefferson_the_chartist

gold is at a major resistance and considering the current rise in the dollar we may see it fall for some time

jefferson_the_chartist

We are anticipating to see a bullish market for the most part of today considering the bullish momentum formed from the 4H support.

jefferson_the_chartist

I'm looking forward to a short term sell considering the fake out above structure and the bearish momentum we are currently seeing.

jefferson_the_chartist

Considering weakness around current area of resistance, I will look to short the pound on the short term

jefferson_the_chartist

Break above major resistance that once served as supply will indicate a bullish sentiment on the Dollar index but we may also see price break lower if we see signs of weakness around the 100 dollar area which has not been tested in a long time.

jefferson_the_chartist

Gold has been weak so far and we are most likely to see a downward continuation if we see a strong break below 1840, IT IS ALSO likely to be bullish if we see a change in market behavior above the 1840 region.

jefferson_the_chartist

Buy the dip is a familiar term which is often associated with crypto, we've seen price neatly bearish since April and we are currently at a very major level of support in the market, we are likely to see a range as of now. IF Price breaks above or below structure, we can begin to see a clear way forward. FOR NOW, it's best to wait

jefferson_the_chartist

A potential break above or below major structural levels on ABBV will indicate what direction it will be headed for the coming weeks, for now we can only wait and see what price does.

jefferson_the_chartist

AAPL has been on a downtrend for a couple of weeks now and we are likely to see a downward continuation if the 140 major support which was created in October last year is broken impulsively or correctively. I will be looking to buy if it breaks above 147 which has served as a resistance as well as a support.

jefferson_the_chartist

I'm expecting to see a rally in XAG/USD after a break of a major support level 21.682 , tested in December, January and February which served also as resistance this month. I won't be making any decisions till I see price break above for now

jefferson_the_chartist

The Dollar Index Broke The Daily High On Friday which was a level of resistance from last week Monday to Thursday, we are currently seeing weakness on the daily, a stRong break below structure will indicate a bearish market for today.

jefferson_the_chartist

Gold has been bullish since the 18th of April and we are currently at a major supply region, let's wait for major candlestick confirmations to go long, taking note of the major levels.

jefferson_the_chartist

Daily supply on the daily signifies a potential correction or uptrend, after a break of trendline we can have more confirmation to go long.

jefferson_the_chartist

Price has been relatively bearish so far this week, analyzing from the monthly to the daily, we notice that price is still on the low, it is therefore necessary for us to consider a break above a major structure. Patience is key here, the market could continue further downward too, it will all depend on what happens at the major structures.

jefferson_the_chartist

I got stopped out after entering too early, with proper risk management i'm able to get back in using momentum candlestick confirmations