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Fakebreakout

Dollar Index (DXY): Beginning of The Week Analysis | 7/24/22With interest rate and all the other lovely fundamentals the Dollar has been on bullish run of a life time! The last few days of the previous week, the Dollar did not do so much and even showed some initial temptation to keep shorting on Friday, but as you know .. it never that easy :-) Hence we ended with a three day consolidation. I expect we may see the Dollar perform some aggressive bearish moves from a technical standpoint, but the sentiments for the Dollar can change as we get closer to the FOMC release. It will be an important to understand this index especially is you are trading anything US related this week.
TVC:DXYShort
by CandlesofKarma
2306 GBPUSD 4H plan to Sell, two positions to wait for signalsHello traders, GBPUSD is my second choice to sell. It is not a perfect chart to sell yet on 4h chart even though it got a double test of the lower resistace dash line already. Will check this line again in LONDON session to see any signal to open sell. Otherwise, will check higher resistance zone to see if a fake breakout happens up there to make a strong double head to sell in later sessions. GOOD LUCK ON THIS PLAN . LESS IS MORE!!!
Short
by FUNTRADER-Vera
USDJPY: Are Sellers Ready? 💣The key psychological level of 135 provided immediate resistance for sellers but is now showing signs of being a sell trap. Since a high amount of sellers joined at the key level and the trend line breakout, I believe liquidity will be targeted above this high before we see any signs of bearish momentum. When the liquidity has been taken, I will be looking for shorts with the team. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
9