The U.S. Dollar Index (DXY) is flashing bullish signals as the low time frame (LTF) market structure aligns seamlessly with high time frame (HTF) support levels, specifically at the weekly 61.8% Fibonacci retracement. This confluence becomes even more compelling with the presence of bullish intraday price action, suggesting a potential upward move in the immediate term.
The primary focus centers on DXY, which is currently approaching significant weekly Fibonacci retracement levels. My strategy involves watching the 4-hour chart, where I will be monitoring for signs of a potential bottom. I will post the EURUSD chart as its own idea and it is linked here. Ignore anything else posted to my profile as those ideas were built on what...
Don't get chopped out while the FX markets decide what they want to do with HTF levels. I have a bearish bias and am looking for a top.. what do you think? Follow along as this one develops, it could be huge
When I put these two tricks together, entering low time frame positions got way smoother. Give it a try and see if it clicks for you—I'm hope you find this valuable 🚀
As DXY looks for bullish confirmation, EUR/USD shorts are started (half size) with stops and targets aligned with the weekly chart.
Greetings traders! 🌐 In the dynamic forex landscape, a compelling trade idea unfolds for USD/JPY, influenced by the short-term price action of the U.S. Dollar Index (DXY) on the low time frame (LTF).
Took a few days to figure things out but it looks like we got it. I was looking for the 618 of LTF market structure and the universe delivered. Playing EU and UJ in correlation the only active positions are linked to this idea. anything else posted to my profile is in the past and part of the trading archive
European session went CRAZY!! usdcad might be lagging a bit tho, lets see what happens here
the focus shifts to building into a EUR/USD position, guided by a meticulous DXY analysis of low time frame market price action and Fibonacci levels
tried to give chat this call but then got made fun of while they fought for 10 pips lol oh well.. they must not have learned from last weeks EU or GU , see yall in 100 pips ;)
Here I share my decision to shift focus from USDCAD, GBPUSD, and CADJPY to USDJPY
I've chosen to narrow my focus this week to a single currency pair – USDCAD. For those who've been with me, you've likely observed my practice of sharing a multitude of charts, offering insights into various market movements. However, I'm transitioning my TradingView account into more of a personal trade journal rather than a social trading platform. As keen...
Greetings fellow traders! 🌐 CAD/JPY has recently triggered a high time frame (HTF) signal, earning its well-deserved spot on the watchlist. The emergence of this HTF signal signals a potential shift in the overall market sentiment, capturing my attention for the upcoming week. As we move forward, the focus will be on seeking low time frame (LTF) confirmations to...
I will be focusing on USDCAD and CADJPY and that is pretty much it. The high timeframe charts are in play and there is not much to do at this point other than wait. Good luck out there traders!
In wrapping up the trading week, DXY has shown distinct bearish signals in its intraday price action, suggesting a potential shift in short-term sentiment. Looking ahead, my strategy involves closely monitoring for a pullback into significant Fibonacci levels, aiming to capitalize on a potential entry point for bearish continuation. Alternatively, should the...
Gold is currently presenting an intriguing opportunity that deserves attention. A compelling bullish case emerges as we analyze the 4-hour chart, which signals a potential push towards all-time highs. This breakout could mark a significant breakthrough, serving as a catalyst for renewed bullish momentum.
Unveiling an intriguing bearish narrative with USD/JPY, where the plot thickens around high time frame (HTF) Fibonacci levels acting as possible resistance. The drama unfolds as low time frame (LTF) support exhibits signs of weakness and potential breaks. Let's dive into this captivating analysis! Key Plot Points: Fibonacci Resistance: USD/JPY encounters...
Hello traders! Exciting times ahead as we explore a potential bullish setup on the U.S. Dollar Index (DXY). Here's the scoop: Key Highlights: HTF Fibonacci Levels: DXY is currently hovering around the 61.8% Fibonacci retracement on the higher time frame (HTF), indicating a potential area of support. Intraday Bullish Momentum: Zooming into the intraday (LTF)...