DXY Position for 12/6 - 12/13/24Hey guys i want to give you guys some insight as I've been trading these concepts for the last two - three years now using these concepts. I don't really care what people think I'm strictly using this a way to show you guys that these concepts work i try not to over complicate it and for two I'm not always right i do get it wrong but will use great risk reward to out weigh my losses.
So to start we have High impact news tomorrow, Which is what i will be watching for ideally i want the Short term buy side liquidity to be ran through tomorrow but again I'm going to be watching because it doesn't necessarily need to it can easily dump to buyside imbalance sell side inefficiency without returning to the liquidity on the buy side.
I will be waiting before i make a decision if we do get a aggressive move tomorrow towards the upside then i will be waiting for a shift in market structure back down to the liquidity on the sell side again I'm currently neutral until we get more insight for tomorrow
but i hope this helps. let me know if this helps you :)
Smartmoneytrading
AUD_CHF SUPPORT AHEAD|LONG|
✅AUD_CHF is about to retest a key structure level of 0.5660
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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EUR_JPY SUPPORT AHEAD|LONG|
✅EUR_JPY will be retesting a support level soon around 154.361
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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USD_CAD SUPPORT AHEAD|LONG|
✅USD_CAD is set to retest a
Strong support level below at 1.3950
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 1.4067
LONG🚀
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AUD-JPY Bearish Breakout! Sell!
Hello,Traders!
AUD-JPY keeps falling
And the pair made a
Bearish breakout of the
Key horizontal level of 98.000
So we are bearish biased
And we will be expecting
A further bearish move down
Sell!
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GBP_CAD BEARISH CORRECTION AHEAD|SHORT|
✅GBP_CAD is about to retest a key structure level of 1.7881
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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USD-CAD Potential Long! Buy!
Hello,Traders!
USD-CAD is trading in a
Local uptrend and the pair
Is making a local correction
But a horizontal support
Level is ahead at 1.3950
From where we will be
Expecting a local
Bullish reaction
Buy!
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