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DXY

How to get a 4:1 Risk reward ratio trade in Doller index (DXY)Previously, DXY encountered a fail downside attempt. Upon reversing, I entered the trade when RMO indicator (RMO by Lazybear) turned green Stop loss : - Low of the Bar - (Range of the bar) The index was initially supported by Kijun Sen but later it gave in. Lower Time frame DMI was also choppy. But, I stayed in trade as it didnot hit the SL I took out the profit at levels mentioned in the chart. The trade trade was carried with SL below EMA 20 and H2 DMI support. The trade closed when price broke EMA20 . Profits were taken at 1.2, 2.4 and 4.4 RR. My initial target was 2:1 RR. But went very good
TVC:DXYEducation
by suman6saha
Dollar Index (DXY) to end correction and start fresh upmoveTVC:DXY has been moving perfectly as per Elliott waves. It has completed an impulse and now in correction. It has already corrected near 50% which is also close to previous degree wave 4. Worst case we might do 61.8% around 107. Once we get a positive daily close from here, it would be reasonable to assume next impulse has started. What does this mean for equities and cryptos? They'll take a dive as soon as DXY upmove starts.
TVC:DXYLong
by YetAnotherTA
SOLANA- Just thinking out loud.Given the macro conditions, it feels possible that there's gonna be a rather long cooldown on everything, even after the bleeding stops. A deep cleansing on everything is the need of the moment. If this is to play out, then it might take us 6-7 months to come back to the prices we recently broke down from. That feels like hell, trust me. Time capitulation >> Price capitulation, and this scenario might be a combination of both. More than 90% of the participants will leave. Even the strong believers would be flushed out. I can go on and on, but chart>>words. This, if it plays out, will bring a great opportunity to the faithful. The whole world is trying to shut Crypto down. But the cat is out of the box, and we had a lot of attention this cycle. Solana in particular, has matured quite well in such a short span. I will be buying all the SOLANA I can below $20, If we get. All you got to do is stay. See you on the other side! ~ZER0
by Degengambleh
#Nifty Falcon Wave Counts Recently we had to re-look at what is happening with Falcon Waves. Even though we use two more tools along with Falocn Waves (always) that helps, Heikinashi Candles (as we do not trade against the trend) and Falcon trigger line, however, counts can not be wrong too many times, and we were on the wrong side of the count. Upon deep analysis, here is a new count, where ABCDE pattern of Falcon Wave is in formation. Out of that Wave D - 5 waves finsihed and we are in wave E - which can be tricky. Today because DXY went down yesterday - Nifty went up, but DXY has found its temp bottom. This means that Nifty should fall? Perhaps yes. We have finished 5 waves up, and if we do not get pull back then there is something wrong again with entire process. DXY chart found temp bottom here on Daily Chart: We can find some downard pressure now, but this is a good learning for all of us. One good way is to follow the trend, not a single candle close below previous candle - falcon trigger line method that can help you identify the way forward.
NSE:NIFTY
by Falcon_Trader_1
DXY set for Decisive MoveOn Daily Basis: US Dollar Index (DXY) is correcting after it achieved the target of 109.29 as predicted in earlier published idea. 105.50 is a near term support level which is a test of DXY for further next decisive move. The trend is bullish right now and it should take the support of 105.50 with next probable target of 112 to 114. RSI on weekly basis has come down and on monthly basis it has scope to go to extreme overbought position which means it will be a final up leg. Usually it is volatile top. August or September may prove to be a blow off top in DXY. The ultimate target of 120 may not be ruled out. Warning and Disclaimer: Above prediction should not be taken as financial advise, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
TVC:DXYLong
by AnkurSharda3