After the highs of 107+ price , since price went bearish that has created a monthly bearish FVG that is marked in orange , price after reaching 101 lvl mitigated the open Bullish FVG on higher time frame, which leads to price bouncing back towards the zone of Bearish FVG currently price is getting rejected and due to higher time frame giving the bearish bias...
CAPITALCOM:DXY at important support, possible targets above 103 marked
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Timefame: 1 Hour Bull Above 104.021 Bearish below 103.883 Moving below 100 EMA, Invalidation of view above the EMA, level 103.94. 🔸DXY steadies at 104, awaiting crucial US inflation data. 🔸Focus on personal consumption expenditures index and global inflation figures. 🔸Fed Governor advises delaying rate cuts, impacting DXY based on inflation outcomes. 🔸A...
DXY looking bullish on chart, we could see correlating pairs to work in bearish mode
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Go through the analysis carefully, and do trade accordingly. Current Price- 104.600 Anup 'BIAS for the day (15-02-2024)- NA If price stay above 104.00 then next target is 105.00 & 105.800 -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to...
This is what ive notice in dxy. As wee got into the highs price is more likely created liquidity for furthur push instead of sweeping the highs. I expect it to be bullish for awhile.
WEEKLY Timeframe: 4H Strategy: Long Resistance: 104.504 Anticipating a pullback after reaching 104.5 resistance. A sustained breakthrough may lead to higher levels. Long target: 104.70 - 104.90.
DXY/Dollar Index is currently trading near an overhead supply - It will be very crucial to watch how it exactly reacts to its overhead supply - IMO even if we see a good reaction from the overhead supply it will be still important to watch the reaction. - From a long perspective it's better to wait out and first let the breakout happen - let the base form -...
If the price remains above the critical level of 103.606, it indicates strength and bullish sentiment in the market. Wait for Confirmation: Observe the price movement and wait for the formation of a single green candle. This candle could signify a positive shift in momentum. Action Plan: Consider planning another trade, preferably a long (buy) position, as the...
As we successfully close above the imbalance. This might turn up as a support for the price now.. You can see how price is respecting this zone so price will definitely try to make this a support and head toward these equal highs on daily timeframe.
US stocks swung between gains and losses on Friday as traders digest recent earnings reports and lower-than-expected producer inflation data. Both the S&P 500 and the Nasdaq were around the flatline while the Dow Jones lost nearly 190 points. On the corporate front, UnitedHealth declined about 4.2% after beating earnings expectations but reported a...
This is what I anticipating that could possibly happen. High posibility that this weekly SIBI can hold and reverse the price however if not it can run over those equal highs next.
Dollar Index is forming a bullish butterfly harmonic pattern on the weekly timeframe. This could lead to a correction in the markets. Hedging is advisable. 116 levels can be seen.
- Dxy currently looks bullish - I am waiting for a retracement if not we can see DXY mitigate its overhead supply - DXY can take out some more bullish momentum post that we can see some downfall. - We are in a mid-range don't trade aggressively.
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...