US dollar index ( DXY ) continues to climb to its highest level in more than 20 years. DXY macro trend is still bullish , but in this week's trading DXY may correct more than 2% Weekly before returning to bullish trend , possible correction to the following support levels. The correction moment is also supported by a bearish engulfing pattern in the resistance area.
Details on chart - entry once price closed below the range
After a big significant rise, US dollar is getting weak. As you see in the 4H chart, price has started a sharp downside move and is dropping. In daily time frame, we can see strong bearish candles has been closed for yesterday and the day before. Currently, price has broken the support level (red colour) at 108.970 and has been fixed below this level. I expect a...
NZDCHF is trading in a long-term bearish trend. After a strong bearish impulse in June, the market started to consolidate within a horizontal trading range. Its support was finally broken yesterday. I believe that it will trigger a trend-following move. Next support - 0.58
Ride the wave down CAD prices going down on weekly timeframe I'm looking for short opportunities..
Hey traders, NZDCHF is trading in a long-term bearish trend. After a strong bearish impulse in June, the market started to consolidate within a horizontal trading range. Its support was finally broken yesterday. I believe that it will trigger a trend-following move. Next support - 0.58 ❤️If you have any questions, please, ask me in the comment...
For Friday forecast , expect some bullish rally momentum at the Asian & Euro Session , price might evolve into bearish continuation at New York Session Open in Hourly Time Frame to reach HTF 107 level ?
Previous day Point of interest not mitigated// 1% risk gain 3 % of your capital with this trade //htf bullish // ltf market play presently
Skip to 1:00 to get into the action. As usual, I don't want to type a lot. Its hard to type what I say in 20 minutes, especially when I talk fast in that time. Pretty much looking for where Apple starts along with there the SPY starts. Before watching the video, as a new viewer, it is important to know that I heavily weigh Apple as the main indicator of market...
A gain of bullish momentum after short time pullback Projected to respect a confluence level( resistance level) as seen from this setup
1. ADX INDICATOR: 1h & 4h timeframe have a strong strength for open trade. - ADX smoothing: 14. - DI length: 14. - ADX STRONG > 25. 2. SUPERTREND INDICATOR: - Short trend when closes candle is below the red line. 3. OPEN POSITION RULE: - SELL/SHORT: reject to Supertrend at current timeframe.
The candlestick indicates a trend change in the price of the stock due to buying interest backed by significant volume compared with the previous trading. The 0.475 is the price Point of Control with fresh buying interest that has emerged and is set to lift the stock higher. MACD and OBV also indicate a divergence signal. Hence, align with the candlestick trend...
GBPCAD is trading in a downtrend And the pair is forming a bearish triangle So IF we see a bearish breakout The a move down will follow
We have Bullish Divergence on the Weekly MACD and a Bullish Engulfing of the Previous Week at the 88.6% Retracement. I would like to call this a Shark but we are missing the 1.618 Extension however due to some of the other Bullish Variables i think that i would instead see this as a Bullish Cypher that went a little too deep to the 88.6% rather than the 78.6%...
Details on chart - entry once price closed bearish on the 1m/5m respecting the LTF zones ahead of strong momentum for the Dollar
There are two approaches for this one. First is a retracement to the blue box and taking position from there which is risky one and the second is when the price retests the green box that is rather safer then the first approach. I am targetting a small consolidation point up there but you should consider partially taking profits on the way since it is safer.
Details on chart - LTF entry with 15m target intended for price to tap into
dear traders nasdaq probably in range i expect if the market break 12200 you should sell nasdaq and if he break 12450 you should buy nasdaq always wait for confirmation trade safe good luck