My current bias for the dollar is very much bearish, as price has broken structure to the downside once again. While I don’t trade the dollar directly, I use it as a confluence to confirm trade ideas for other pairs like GBP/USD (GU) and EUR/USD (EU). Since I’m looking to short both pairs right now, this bearish outlook on the dollar makes sense. In scenario (B),...
ZEYAN here!!!! I'm looking at the market as a bear, and as far as I can tell, in the medium term, it's more bearish then bullish This is a general idea of how I view the market; I use algorithms to determine trend and different entry techniques; please do not take this information at face value; conduct your own research. If you want me to analyze your charts,...
Dollar bottomed with hidden bullish divergence GAME OVER Spx GRI 2022 NOT TRADING ADVICE
USDCAD has given us a nice pullback to support around the 1.27800 level, price broke through this level as resistance earlier this month and is now retesting it as support. With interest rate hikes coming in 2022 we can expect dollar bulls entering the market. This may be yet another pivotal moment to see USDCAD take another move to the upside
If the dollar does go to 120 it means something extraordinary has happened geopolitically Our initial target is 103 in feb Tales of the dollar's demise have been much exagerrated If this chart plays out inflation was indeed transitory and all of the talking heads will be shilling deflation Maybe Auntie Cathie was right lol NOT FINANCIAL ADVICE G.R.I. Dec '21
Background For years I have been fascinated by the Dollar Milkshake Theory of Brent Johnson out of Santiago Capital. In the broadest strokes, there will be increased dollar demand as the fiat system collapses because all the other fiats will collapse and then the Dollar will be the last fiat standing before the fiat system is replaced (somehow). This leads to...
Interest rates are going to continue to move up to help drain the excess liquidity in the system. TGA will spend the last of its money in the form of a stimulus package, then we will see a great reversal on the dollar and interest rates, as cashflow continues to dry up, banks too scared to loan to each other (and therefore not make consumer and commercial loans),...
TVC:DXY On a weekly chart we see a MACD & RSI divergence. But that alone is not enough. We need to see a reversal pattern and/or structure breakthrough. So lets dig deeper: On a 4H chart we see a double bottom, with the second leg being a bullish engulfing candle. Moreover, this is accompanied by a MACD & RSI Divergence. We believe that a confirmation of the...
FX:USDCHF The Setup Downward Wedge bullish breakthrough on 4H chart. Technical show a MACD & RSI divergence. Trading You can Enter Trade at current levels. More conservative traders can wait for the price to retest the wedge pattern. Stop Loss at 0.8846 (below last low of wedge ). Suggested take profit levels shown as white horizontal lines. ...
A bearish Gartley Harmonic Pattern has formed. A large bearish Engulfing candle goes through the 78.6 XA and through the 1.41 BC. The engulfing candle is located on a resistance level. Stop Loss above point X Take Profit at 38.2 & 61.8 AD Happy Trading!
FX:NZDUSD Rising Wedge formation + false break at the 5th point. This is in conjunction with a MACD Divergence. On a 4 hour chart a shooting star reversal candle is present. Short at 0.77017 Stop Loss at 0.7036 Take profit at support/resistance along the way. This trade idea supports my larger active trade shorting the NZDUSD based on a harmonic pattern -...
EURUSD has reached a resistance level. On that level we see a large downward movements + MACD Divergence + Shooting Star reversal candle on 4H Chart Enter on reversal candle confirmation. Stop loss above the candle. Take profits along the way at possible reversal zones. Happy Trading!
FX:NZDUSD A bearish Crab Harmonic pattern has formed on the kiwi-dollar. We have a 0.618 point B (within 3% margin) We have a Potential Reversal Zone (PRZ) of 1.618 XA & 3.14 BC at point D. PRZ connects with resistance line (dotted). Trade Entry: On a 4H chart we see a MACD divergence. Look for reversal candle to form to enter the trade. Stop loss at 2.0...
NFP day , which we want to capture that sharp move with high profit. I have notice the demand level. Though it has been visited and its not a fresh level anymore. Even so , the scoring is either 8 or 7 depending on the arrival. If the arrival is sluggish, I suggest leave it. If the arrival is strong, anticipate with EURUSD or GBPUSD to sell! Happy Hunting! ...