DXY| I GUESS THERE IS MORE ROOM FOR DEEP PULLBACK AT 105:30 AREADollar index 4H pull backed supply zone area at 106.30 which am looking a one more leg to the downside to retest 105.30 price level. on the other side, if price now resumes it's rally then i will be looking bearish entries from the top.
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Dxyshort!!!!!!!!!!!!!
DXY| Q4 FORECAST 01-OCT-2023Dollar Index is approaching 108.00 inflection point where I think it would fill before we sell of all the way to the lows at 100.00 price level which is the completion of the expanding bearish pattern. But there is many scenarios we should expect before the market finds the bearish tune itself, first could be a bearish pullback to 104.00 area to test prev structure and then comeback to fill the gap at 108.00 or we now fill it and sell off as I draw. Keep in mind that the market can reverse right now as we have taken out the liquidity area at 106.00 key levels.
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DXYIs DXY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at daily time frame resistance level, suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 105.20.
What you guys think of it ?
GBP/USD Short term LONGThe DXY has been on a tear, as we had predicted, for the past couple of months.
It has now reached a major resistance zone and could cool off for a little while.
It is showing a bearish edge and a perfect short opportunity with an inverse cup and handle as shown below:
In turn this gives us the chance to long a more volatile asset such as the GBP/USD. Because this trade goes against the current trend, the position is relatively small
🚨DXY Index is Ready to Fall🚨(1-hour)🏃♂️The DXY Index is moving in a 🔴Heavy Resistance Zone🔴.
🌊According to the theory of Elliott waves , the DXY index is near the end of five impulsive waves .
🔔I expect wave 5 to end near the Resistance line and 🟡 Price Reversal Zone(PRZ) 🟡 and start to fall.
DXY Index Analyze ( DXYUSD ), 1-hour time frame ⏰.
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DXY 4hrs AnalysisDXY is back ay the resistance (Supply zone) which has held severally in the past and it has formed double top. There are two possible thing that could probably happen this week. It's either the price continue to drop or the price would reverse and break the resistance and
What's your thought on this?