Still PracticingSame as the previous one. Just forgot to take out the RSI and MACD in the other one so I can see better.
Thanks.
USDOLLAR trade ideas
Still PracticingJust testing some Elliott Wave and fib to see where it will hit. Still don't know what I'm really doing. So don't take any of my ideas.
Thanks
#USD Direction determined next week with gartley Will gartley hold to target abcd completing at 50 fib? If not we target the other, which will be testing multi year channel support. Huge price discovery in the making. Trump rally playing out through harmonics
US Dollar Anticipation (Manipulate before a Big Downtrend)Just my two cents. Market maybe manipulate and stop hunt happens and at the end of the day, market will move towards the trend again after the stop hunt for late sellers.
USDOLLAR Correction and Downside ExtensionAs certainty about the details of Trump's Fiscal Policy emerge the Greenback is set for a correction to the upside, however cyclical factors will see the Greenback extend to the downside. Upcoming key support levels at 12,100 and then 12,000
#USDOLLAR Bearish cypher prz hit Very tricky situation. wouldn't short until 13325 breaks, yellen, and cpi data
Dollar Strength!?We've had amazing optimism from Janet Yellen on Feb 14, really strong CPI, Retail Sales, and Manufacturing numbers on Feb 15, which have sent the US Dollar to all-time highs for February. We can see a key break out of this descending trendline, then another key breakout and retest of this previous support that turned into resistance. Thats enough for me to add-on to my Dollar longs on any pullbacks.
Daily USDOLLAR Third rejection of 12300, may push the market down to 12200ish, IF we do close strongly below 12300, I stay with my bearish bias for next week.
Key Levels:
Bull trendline since June 2016.
- 12600
- 12450
- 12300
- 12200
USDOLLAR Possible wayin my analysis, USDOLLAR going to retracement in 61.8 and will continue to make make bearish.
USDOLLAR Long (but not yet)I'm waiting to go long on the USDOLLAR. But before I would expect price to break 2017-02-02 then down to 12240 before trully moving back up for a last impulsive leg up.
Entry: 12240
Stop: 12190
Target: TBD
Scenario Two - Dollar WeaknessHeres our second scenario for the dollar over the next few months, our first scenario showed possible strength with the dollar whereas this is showing weakness, if this trend-line breaks there will be confluence to start selling the dollar, we have a long-term head and shoulders pattern that looks like it could start to form, and we would also have a trend-line break and retracement. First target will be the neckline of the head and shoulders pattern, we'll have to see what price action shows around there as there could be more opportunity to sell the dollar if support doesnt hold and then turns into resistance.
Scenario One - Dollar StrengthHeres scenario one of two, which could bring more dollar strength over the next few months, we have a strong trend line and recent resistance that didn't manage to hold, this could now be the area to start buying the dollar if it holds and makes a new support zone. Make sure you check out scenario two which shows a setup for dollar weakness
$$$ USDOLLAR $$$ - SELL OPPORTUNITYHello All,
Im looking for short opportunity in USDOLLAR. SELL ENTRY @ 12340 SL @ 123408 TP @ 12210
Stop Loss = 68 pips
Take Profit = 130 pips
NOTE: FEDS YELLEN SPEECH ON TUESDAY
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