Possible Wave Counts on Daily Time Frame Chart of DXYMost investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
In this study we used Elliott Wave Theory & Structures, here we have plotted possible wave counts on daily time frame chart of DXY Dollar Index, it involves multiple possibilities, and the analysis presented focuses on one potential scenario. The provided information is for educational purposes only, not trading advice. There's a risk of being completely wrong.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Usdx
dxy long + then shortTrade Idea: long + short
📍 Entry: 🎯 Target green ⛔ Stop Loss red : (MARKED IN CHART)
💡 RISK REWARD 1 : 2, 1:3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT W
GBPUSD Keep LongingW1 cycle,
Current prices hit previous lows,
The bottom support is very strong in this position,
Future prices are likely to test the downtrend line again.
Feel free to contact me if you have any questions!
TP1 1.2300
TP2 1.2500
TP3 1.2650
SL 1.1850
Follow me!
Show U The Money !
------------------------- 2019.09.03 in
XAUUSD Keep Long “in one year”W1 cycle,Prices have risen above the horizontal resistance band.
The future price is likely to continue to rise along the upward trend line.
The target bit is in the Fibonacci 100% and 161.8% extension.
Feel free to contact me if you have any questions!!
Follow me !
Show U The Money !
TP1 1454
TP2 1568
----------------------------------------- 2019.07.18 in
USDJPY SHORT !The yen keeps rising,
The dollar index continued to plummet,
The current price runs near the upper rail
of the descent channel,
The future probability remains short trend.
Feel free to contact me if you have any questions !
Follow me !
Show U The Money!
---------------------------------------- 2019.06.28 in
USDJPY Sell NowW1 cycle,
The price runs inside the contraction triangle,
The weekly chart continues with three large red-candles,
This week is likely to fall further.
In the future you can keep trading inside the triangle,
as shown in the chart.
Sell Now & TP 108.50
-----------------------------------------DRonnie - 2019.05.13