Dxyshort
Can DXY break this level???Hi guys.
DXY broke its high, but it meet the top line of the wedge now and it will be hard to break that.
Hard to say, But I think it will push DXY lower again to touch the bottom line of the wedge.
So, I am bearish on DXY again and will short USDJPY, USDCAD and USDCHF.
Take care fellas.
Trade safe.
Jamie Gun2Head idea: Selling DXYTrade Idea: Selling DXY
Reasoning: At key long term resistance, looking for a temporary move down
Entry Level: 105.54
Take Profit Level: 104.66
Stop Loss: 105.860
Risk/Reward: 2.751
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DXY bearish case scenario. I have published my bullish case scenario for DXY in my previous analysis. Now I'm looking at 4h and 8h timeframe and noticed M pattern with bearish divergence in 4h and rising wedge + double top with double top with bearish divergence. If this scenario plays out, it means as I mentioned in my previous analysis BTC bottomed at 17.5K on 18.06.2022 and starts its rally and last 5th wave.
BITCOIN Bull Market Start!?Good Evening Everyone! 😃
I hope you are all having an amazing Sunday!
Not much to add here, it's all in the charts: on top you can see a potential double top forming on the weekly DXY chart (top) and the yellow lines indicate that Bitcoin (bottom) went on rallies that took the price to new All Time Highs when the USD went bear.
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
DXY short term bear, longer term bull. We are in a massive descending channel since some time in the 1980s or so. The idea shows how our dollar may return to the orange trendline and continue on its way up until summer 2024 or so. Are bears here to stay until 2024? In my opinion: The sooner we reach the top of the channel, the better. Most of us hold stocks and crypto lol... Mostly posting this so I can see how it plays out in 2 years. I will post other timeframes in comment section below.
dxyThinking we finally have a 5th wave top in here, I was expecting $106.60 to be the final blow off top and that is still on the table. But as for now the ABC correction seems to have started. If this move proves to be yet another extension I would expect $106.60 plus to get tested b4 the predicted correction ensues.
DOLLAR INDEX IS ABOUT TO GET SMASHED!!!In this video I just shared my dropdown time frame anaysis with regard to DXY, a pespective which shows that the bull has reached their destination now is time for te bear to head home also. i provide price action charting pattern, setiment based on each time frame and the influance of previous time frame perspective.
to understand the past the future will revieal itsself.
ICT ATM METHOD DXY!!!!!!!ICT ATM METHOD!!! short term high ran and rejection giving you the confirmation of the short, well look for this to reject inside the ob 104.900 and take out the local lows liquidity 103.400.
Price reaches the low ob+fvg 102.650 prior to running the sell side liquidity well monitor this for a potential area where we see a rejection (pray this doesn't happen) and if so well look to take profit and cut our positions.
HOLY GRAIL if price seeks the sell side liquidity 101.300 then we can really set our selves up for some relief.
WE STAY CALM AND COLLECTED, LET THE MARKET COME TO YOU AND EXECUTE LIKE A BOSS!!