Get started

Channelbreak

DXY BULLISH - Breakout out off Bearish 4h ChannelThe US Dollar has been in a bearish trend downwards ever since the start of 2017 markets Now it has finally broken the resistance trendline of this channel. Quite notably, the 4h candle circled broke below 100.24, an area of short term resistance that is easily seen on the 1h chart. However, price closed above it, indicating that the downtrend is finally over and bulls are ready to take control. If you see a bearish setup on xxxUSD pairs, and bullish setups on USDxxx pairs, use this DXY chart as support towards confluence.
TVC:DXYLong
by MtxTrader
1
EURJPY: Previous Structure Resistance Well if you've been following my daily trading blog then you know that I've been on a pretty good streak as of late. Funny how that goes hand in hand with me NOT posting to Tradingview for a week. of course that means that I've probably jinxed this trading opportunity..oh well too late now. Similar to the AUDUSD, GBPUSD, NZDUSD & Silver trades that we've been looking at this week, price is at a point where it is retesting a previous level of structure support. Although we've had a bullish rotation here on the hourly, this is the first real test of the lows of our previous sideways channel. Seeing how we traded in that channel for a good period of time I would anticipate some selling pressure at that level both from new sellers entering the markets and bulls taking profits. Hard to see on this chart because it's zoomed out, but we also have the same type of price action leading up into the zone as we did with the GBPUSD meaning the high momentum move followed by the fading rising wedge.
Short
by Akil_Stokes
8