the upcoming week ahead bring alot of volatility have days with events and major ones
Recap -
the previous week was more based on sharp turns that has tested important level and broken important level
but left behind some imbalance that given a strong sign or outperformance by DXY
What to Expect - 104.300 the price breakout now the upside potential liquidity...
If Dxy sustain on 103 ( marked in the chart) then a upside momentum to (110 feb 2024)--(115 sep 2024) is possible, which could impact the US stock market and in some cases Indian market too .
Disclaimer :
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Although, jumping a bit earlier, Dollar Index seems readying itself to JUMP UP. COT reports are STARTING to Show Bullish Signs. Daily Momentum has turned UP. BUT weekly momentum is yet to turn Up. Look for BULLISH SIGNS on Lower Time frames in Coming Weeks and Months. (Although, i will more comfortable if it Dips to one more Low on Weekly and then Goes up. But...
Let’s focus on OANDA:EURUSD SELL
The target is marked as per 15M & 1 Day with Fibonacci tool
Calculate by SMC Market Structure.
As per current Eurusd price on 15M chart Major 2nd BOS is complete now it’s time to retrace minimum 38% marked area with Fibbo tool TP1 and TP2 area is 50% marked same with Fibonacci
Thanks for watching.
Hello Traders!
I mentioned in the last update of the BTC idea, how I started learning ICT concepts, around a month back. This is the first idea to be published based on those concepts. One must understand that these concepts are vast, and I've only begun it. Everything gets better with more and more practice.
1. Let's begin from 14th April 2023, where DXY...
Very Crucial Level for dollar #DXY if its returned from this level we may see big rally and supose if it breakdown this level there will be very deep downside and #Gold XAUUSD will rise to new high if dxy break this multi week demand zone .
Trendline is already broken lets see wether dollar takes support here or not .
#Dollar #Gold #XAUUSD
DXY broke the falling wedge and going for the test to the Supply zone . If we reject there , then that might be the Top for BTC and H&S will be formed . Lets see .
TVC:DXY has taken weekly support which is strong and is in parallel channel, it can give a parallel channel breakout and reach first target zone in coming week or 2.
Expecting the price to at least touch the bottom of the ascending channel before taking a reversal move. And if this happens then the US Market will rally accordingly. NASDAQ:NDX
Despite the fact EU trading in correction, I've spotted an area where traders should pay attention to, the price has already tested the major resistance level between Aug-Sep.
Consider below reasons for selling market.
1. EURUSD is now trading below 50% and 61.8 fib ret.
This is clear indication that EUR could continue trading low against Cable.
2. Another...
