DXY has is preparing to take off!!DXY has opened with a big gap in the monthly perspective. With the long-term bullish market structure, DXY is preparing to continue its uptrend. It is a high probability that DXY will test the support of this structure and will bounce off to the upside.
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Dxyshort
DXY - DOLLAR Next Move 30 - AugustDXY - Dollar Technical Analysis Chart Update
Time Frame - H4
In Long Time Frame #LTF we have Double Bottom and its Rejecting from the Second Top
We have Strong Selling Divergence in Daily Time Frame
In Short Time Frame #STF its following BULLISH CHANNEL if it breaks the Lower Trend Line and #LTL and retest then its confirm Sell
Current Level ( Daily Resistance Level ) is a strong level we need to wait for rejection or Breakout
EURUSD WILL FALL ... It has BegunNarrative goes like this:
We'll call this one #MarketMechanics
The plot is very deceiving from the start of the week but not really because I wrote the scripts to this one:)
Knowing the real bias is DOWN today we began this trading week going in the right direction. But to give the traders a little plot twist all of a sudden we go LONG at the bottom of our MZ.
Suddenly all of the Short retail traders began to watch their house money dissipate until it was no more. This was just to trick them out of their fortune.
The Long retail traders were in a state of joy because they started picking out Lambos and mansions as they saw their accounts go UP!. This was just the fake out. What they didn't know price was simply hunting the shorts Stop Losses above the MZ. After the Shorts were completely Liquidated the plot thickens: Now all of the Long Retail traders that did not pull their profits will soon begin to watch their lambos and Mansions disappear because price is now liquidating the longs and headed directly for their Stop Losses below MZ Structure and putting the Original Long play back in effect and the Shorts will Win the Day and eventuually long term the week.
How's that for a Monday Narrative?:)
As always never over leverage. This will keep you in the narrative until its completed the scene. Even if you have to adjsut the script a little to fit the narrative.
Trust the set up. Because every set up needs time to manifest.
Have Fun watching your accounts compound like a a OAK TREE.
#SniperGang
EVERYBODy EAT$
US DOLLAR CURRENCY INDEX DXY View1)DOUBLE TOP
Rejecting from previous high
2)If it respect previous high(109.30)
Expecting a correction towards downside
which leads shortterm USD weakness
3)Incase if clear daily candle close above 109.30
on daily Timeframe then only
more dollar strength towards Target of 113.70
Otherthan,that correction towards downside will continue
DXY create Elliott wave.So Short sell, long buy
In this situation DXY chart Hopefully create Elliott wave.
So, market need seems to SELL correction at 107.700 support
zone. Then Market fully BUY to 109.300 resistance level.
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US DOLLAR (DXY) ARE WE STILL BULLISH? DAILY TF ANALYSISLooking at the trend, it's obvious that we're in the bull market
for DXY. we can only see higher highs and higher lows for the
this currency.
However, for the major news later, we may anticipate a double
top formation when the price reaches at 108.78 key level.
If the price breaks this key resistance level, we may expect a
trend continuation to the upside.
The level I'm seeing a major pullback is at 120 key level but this may
chage depending on the economic factors that we will be seeing for the
next coming weeks.
TIP: ALWAYS FOLLOW THE TREND.
SHORT DXYUS dollar is pullback to broken trend line after 5 week bearish move and ready to drop again.
US economy shows signs of peak inflation and it will satisfy the federal reserve to rate hike 0.5 percent in September.
So, Dollar index will week after this and its time to short it.
Trade safe.
Good luck.
DXY, Looking bullish. Hi Traders,
DXY is shaping up to see some momentum to gain some ground as we can see price is moving within a reversal structure and impulsively reversed off the bottom boundary of the HTF ascending channel creating continuation correction. On the LTF, we can see price was falling within a smaller wedge structure inside the HTF reversal stucture with a Breakout and now in a developing continuation correction.
Thanks
Trade Safe.
EURUSD GOING NORTH for the WINTER!The DXY has begun it's decent to Miami getting ready to board a Ship further south to Columbia:)
When the DXY DIPS EURUSD goes North for the Winter.
They are Ying and Yang. This is all the confluence you need for a Long set up into the Next ADR Profile of EURUSD 101 PIP$
The fundamentals all point to the DXY coming down due to inflation. Mr Powell's manipulation oops I meant press conferences did the trick. His job is calm the markets and he did just that.
By causing the DXY to fall it allowed EURUSD to REBALANCE. This is the Narrative for this Long Set Up.
Never over Leverage.
Trust your trade Set up. As long as you have a underlying narrative behind your set up Trust it and give it time to develop.
Have Fun!
I AM Pro Trading Made Simple.
I represent #SniperGang
LETZ GET IT!!!!!!!
DXY Downlink formationDXY Downlink formation
Tipping point with down channel seduction
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DXY possible drop!!DXY ( 4h) has broken the support to the downside and opened with a gap down today. The price is just below daily support and 20EMA. As there is head and shoulder on the daily, There is a possibility of dropping the price to the downside to monthly support. As the monthly candle close, we could drastically drop as per price action formation.
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