We are waiting for price to break resistance then we will buy to the green area
Hello Sophisticated Trader, Our long DXY from Last week did go and test resistance. This coming week, the $DXY has seemed to test a double top and is likely to test the bottom back at 96.25. So, I'm looking to short the DXY for a test of the bottom of the current range to find support for the month ends. Like, Comment, and Follow. Let's Make Money...
As you can see from my previous charts analysis was correct, price couldnt break resistance so we were looking for sells on the lower TFs now price is testing resistance and should break through so we look for buys With this happening the USD is gonna dump all over the place so look out...
The DXY is currently consolidating in this area on the monthly chart.. from what i can see price is being rejected heavily from above When price eventually breaks support I am going for a LONG ASS SELL
DXY detailing Simple "OZ" with ''ABC''. Regards, Team Traders "PowerfulTraders"
on one day chart it is clear to see that the price move is always big whether falling point or rising point. Price has already taken its turn from long corrective wave. on 4 hour chart following a parallel channel and breaks resistance line, in down direction now coming on 1 hour chart the price movement is very slow and a bullish channel is forming.
DXY- Daily Risk-Range for Wed Apr 8, 2020 13:19:07 (UTC) Wed Apr 8, 2020
Dates in the future with the greatest probability for a price high or price low
Dates in the future with the greatest probability for a price high or price low
DXY formed into Double Top pattern .A pin bar occurred on top and this pin bar strong because previous two two pin bar on top worked successfully.Expecting a small lower move in respect of DOUBLE TOP.
That's it, and it's not gonna be fun. No more trust in the EURO! Capital flight to the USA on all fronts Attention!!! I'm not going to elaborate, but this doesn't look good at all. See links 2 years Ago! Prepare well for it and that would be the real reason why the corona virus was pushed forward so massively for distraction. Crisis video follows YT.
Market Shift has occurred on the DXY during the last quarter of 2018 with equal lows at 93.20 being run to take out short stops. A retracement higher throughout 2019 saw price struggle to move higher to the 100.00 round figure number.this being 61.8% retracement of the previous swing. We had a entry confirmation on the SAR and ADX confirming to go short with a...
Negative coronavirus news is bad for the DXY but good for our bank accounts Sell. Tp is in the zone highlighted. Would hold a sell for longer as long as cornavirus is a problem is the US
Doller tried to go back upside as already seemed retrace complete but another down move occurred. We can target 61 fibo level as next support . Happy Scalping
DXY started to move down continuously . Now it is targeting fibo 50 level on 4 hour tf. After channel break on 15 minutes it would be best for go short.