Hello Traders! Here is a model I learned from reading Larry Williams Long-term secrets to short-term trading (2nd edition). Let's see if a sell signal sets up.
-After last week NFP data and recent CPI data has weaken DXY, however, we are expecting a smooth reversal at our area. -The fear in the market has led DXY suffer heavily.
As the Fed continues their Quantitative tightening within This economy it is expected for the Dollar to rally in times of economic turmoil and uncertainty. God Speed.
Fundamental analysis: The United States federal government is taking steps to secure the stability of the inflation rate by agreeing to raise interest rates in response to the decrease in inflation observed in recent months. This has led to a substantial increase in the growth index of non-agricultural employment, which bodes well for the growth of the country's...
DXY looks like it finally finished it's correction down, after pulling a beautiful engulfing on the weekly TF, The engulfing sits on 4 major points of interest: 1) Retest of the 102 high from march 2020 2) Bouncing off the 50% Fib retracement from uptrend that started in may 2021 3) False breakout of Trendline (watch confirmation with reintegration above the...
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DXY is due to test the recent broken support and continue downwards to 98 support
DXY - Classic bullish pattern - Our team expects growth SUGGESTED TRADE: Swing Trade Buy DXY Entry Point -103.004 Stop Loss - 101.662 Take Profit - 105.017 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️
DXY had very strong and powerful breaks out hard from a falling wedge which is very bullish. Pretty soon DXY will meet with a resistance level that could act as resistance and that is 50 days MA and a rising trend line which was supported from summer 2021 till a few weeks ago. On another side, it breaks 20 days MA so it could boost the price. After the report for...
With confetti flying and champagne corks popping, Wall Street yesterday closed out its most lucrative year ever. For traders and dealers, 1980 was also a year that required quick reactions, steady nerves and strong stomachs. Extreme volatility and high volume were the hallmarks of the financial markets and, judged in those terms, it was a year unlike any...
The US Dollar Index has produced a bullish engulfing candle on the weekly timeframe after failing to break down the weekly resistance level at 101.50. On the daily timeframe, there is a breakout of the falling wedge pattern with a positive divergence on the MACD indicator. The price still has three more resistance levels to overcome before it can be considered a...
if u flow my chats, u may remember this.. knowledge come 1st and come comes after , trade with care.
DXY 1D timeframe, long to 0.5 fibo (107.8) Double bottom in 1D
After last week played out perfectly with the news manipulation, the big upside impulse on NFP friday makes the following weeks very interesting with clean price action in sights, the green zone around 102 would be a nice low for the week to then continue the upside movement to the weekly FVG it is currently in, maybe have a bit of a battle at the top of that...
1. i expect suddenly up after fake <-- already start 2. bearish is also possilbe scenario x 3. expect bull but long~~~~ term bearish expect scenario Y
One can only assume a trend continues until it doesn't. After the dixie ran the lows I therefore am expecting a bearish retest. A support held above retest zone should lead to continuation of bullish price action. I am targetting the 97 levels as support.
The dollar was an unclear market for the last two weeks, but it looks like it is going up after the NFP news on Friday. We are expecting good opportunities next week. IA.
Price has swept the buy side liquidity and now i want to see a retracement to the ODB and the FVF then look for buy setups.