Sell Continuation of the pullback. Overall trend is Bullish. Take profits early. and follow the trade setup.
The overall direction is bullish. This is a counter trend trade so be careful and take profits early.
DXY - Flag Setup...We have a Bullish Continuation Pattern on DXY suggesting upcoming strengths on USD related pairs.
We have a flag setup forming on Dollar Index to complete the structure on the higher timeframe which will most likely be a 3 wave (ZigZag) formation suggesting strength on the DXY then later weakness.
Dollar Index - Expect a little pullback. This is a counter trend trade. The overall trend has turned bullish based on the structure on the higher timeframe
Price is forming an ending diagonal structure for the expected strengths on dollar Index DXY.
Price just formed an Ending Diagonal and should sell-off from CMP
Overall trade idea is bearish. Check the dollar Index chart
I am expecting a pullback for wave B of the higher degree.
I am expecting a strong USD in the coming weeks up to $108 price region before we determine what next is expected.
We have a Possible Bullish Reversal Formation on Ethereum. Wait for the setup to complete.
Hope for Bitcoin. Ending Diagonal Structure...Possible Bullish Reversal
Overall, longterm outlook is bullish up to end of previous high where wave 4 may most likely complete or perhaps we may have it more complex....when we get there we will know what price intends to do.
Expecting bullish continuation after a slight pullback to complete the diagonal structure. Check Setup on Higher Timeframe
If we have a breakout of the neckline...expect price to get to around $1720 price zone.
Still bearish but turning. Check Trade Idea on Daily Timeframe as price is in Wave 4 Higher Degree.
Expecting price to go bullish from here if there is a candlestick reversal formation around current price zone to support end of Wave 4 towards a movement for higher degree wave 5.
Long Term is Bullish, up to 120.000 prize zone. There should be some bearish pullback before real long trend is established.