Still testing the Extreme Opposite entry of my script. Now that the alerts are working better, it triggered a signal and this time I was quick enough to enter a small trade. Its not a huge trade risk nor profit wise but at least 2 RR. Support for this idea: LTF channel support ICI 61.8% Fib Let me know your thoughts. Trade Safe! HEET
All I can see is shorts in this scenario. But I am having difficulties understanding why it keeps pushing up. Ideas to support this idea: Strong trendline resistance Key Level resistance Strong resistance zone ICI to the downside DXY strong support at 92, which has already been tested DXY looks heavily oversold on LTFs NZDUSD looks heaving...
I closed my buys yesterday and starting to look for sells now. DXY has been bullish the last couple days but it looks like it may be topping out. It has reached the structure highs, 0.612 fib zone (from the weekly perspective) and a key level which I am expecting to resist for this idea. For DXY, keep an eye on 92.5 area and 92.665 area. USDCAD is currently at a...
I closed my sells earlier today and starting to look for buys now. DXY has been bullish the last couple days but it looks like it may be topping out. It is nearing the structure highs, 0.612 fib zone (from the weekly perspective) and a key level which I am expecting to resist for this idea. For DXY, keep an eye on 92.5 area and 92.665 area. EURUSD on the...
Not sure why but this week, the more trades that end up in profit, the harder it gets on the psychology. So many times, I wanted to close this trade but I kept it open and it kept on going up as expected. In the end I did close it and it did continue an additional 10 pips. But I can't complain. I got some decent profits and getting close to my monthly target...
Although EU was looking bullish since last night, I have a feeling that it was just the expected pullback for the larger pattern. Now we can clearly see a new ICI pattern developed. We have that first nice impulse that I was expecting in my previous idea linked below. Price pulled back quite aggressively and settled around the .382 area and then had a...
I entered this trade on the pullback. Structure on lower timeframes looks to be solidifying. Hoping a little dollar weakness can trigger an impulse up. Looking at DXY, it looks like it is topping out and could come back down at any moment. Note, this is a high risk trade: - Entered without Price Action confirmation. - May see a larger pullback for...
This pair was analyzed with multi timeframe analysis and zooming out on EU, it looks quite bullish and I am forecasting further upside. Yes, I understand that we are at (and potentially rejected off) a critical resistance level but we are also in a corrective structure projecting a bigger move to the upside. While looking at DXY, we have the exact opposite,...
Looking to see the 'W' Pattern complete then retrace to the key level before rallying upwards. Keep an eye on this pair and see how this plays out over the week. Happy Trading