Hi Traders, this is another episode of charts247 weekly trade planning session. We believe in trade planning because it helps us identify high-probability forex pairs that we should trade during the week. Below are the indexes based on the 4HR wave structure. DXY: Bullish Reversal (+ve) EXY: Bearish Continuation (-ve) AXY: Reversal (-ve) SXY: Bullish Pullback...
Our bias is for the US dollar index to rise to 105 over the near-term. The daily chart respected trend support from the December low, and the 4-hour chart shows a small ascending triangle which implies a break above resistance. Out of the FX majors, USD/CHF looks ready to break above resistance and lead the dollar broadly higher. Bears could also consider a short...
SELL POSITION USD INDEX ENT : 104.928 SL : 105.075 TP : 104.63 1- to day news + sentiment 2- please trail sl after 10 pips
SELL POSITION USD INDEX ENT : 104.928 SL : 105.075 TP : 104.63 1- to day news + sentiment 2- please trail sl after 10 pips
Bias is Bearish. Looking for price to close below 104.00, forming -FVGs along the way.
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. USD could be heading for resumption of its down side? A relatively light week again. Let's see. On the flip side, Gbpusd Eurusd should be on my list to go on long Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do...
Bias is Bearish. Price is still in a -FVG, though it has almost filled it. But until there is a candle close on a daily basis, my bias will remain bearish. My view is the 5 days of bullish PA is simply just a retracement... an internal move after a BOS. The low resistance liquidity run below the previous lows can potentially draw price lower. There is a fair...
This week's analysis from the daily indexes : DXY: +VE EXY: -VE AXY: -VE SXY: +VE JXY: -VE BXY: -VE CXY: -VE ZXY: -VE The last week's portfolio selection remains unchanged and we maintain the same outlook regarding the indexes. The pairs going through their correction phase are coming to the end of that phase, and we should expect a trend continuation in those...
#dxy #dollar index is bounced hard and preparing for a strike on #markets #crypto #stocks #commodities . Not financial advice.
Hi guys, Today you could buy gold on 2305 level with SL below the lowest price of previous week and TP1 is 2330 resistance level. Be careful we are in 4th wave of 3rd wave and we should both of the below 2280 and above of the 2340. I am waiting your opinion.
Notes are in the screenshot. Please refer to the link for the Sunday Weekly Forecast. FOMC tomorrow. Price could become very volatile and unpredictable. I do not recommend holding or entering trades before the news. We'll see how it goes tomorrow. I would like to see that old high swept between tomorrow and Friday. This would mean the bears would be all over...
Looking for an Internal to External move this week. Price is currently in a a +FVG, showing respect, and Friday's candle shows momentum towards the high of the previous week, which is the draw on liquidity. Watch for the short term down move before the move up. Wed's opposing candle should act as support, and send price the other way. LIKE, COMMENT or SUBSCRIBE...
Plan your trades and trade your plan. The weekly planning session is one of the most important things you can do as a trader. In this session, I analysed the Currency Index basket of the USD, EUR, GBP, CAD, CHF, AUD, NZD, and JPY. The strength lies with the USD, the rest are still in a confirmed downtrend.
Hi guys, DXY braked out the ascending channel on 4H time frame and start to a correction. We want to buy it on 103.2-103.5 level to a bigger increasing movement than previous until 107-108. So be hold to reach position point. It moves in a big channel on weekly timeframe. We show you Entry point, TP & SL on chart. We glad to see your comment below. Be successes
Hi guys, It seems that ascending channel on #EURUSD is breaking and we expect a C wave until 1.03 level. But before that it will probably go up until this channel (1.1level) and decrease until 1.065 after that 1.055 and finally 1.03-1.025. Share your opinion below.
Hi traders, We are watching a powerful ascending correction on usd-index or Dxy. So we will careful about CPI news this week and we could buy USD on 100.5-100 with the SL below the lowest price pf this week (2nd week of Jan2024) and our first target is 103-104. but main target is 108-109. We glad to see your opinion below this analysis. Be success.
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. USD did broke up its downtrend line on higher timeframe and now still continue doing so. likely more upside to come. could be heading for 105 and 106. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt...
ello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Usd did what it should be last week to hold and break higher. After a week of pullback is it on track to go down again?no crystal ball here..but will watch the price action and the avalanche of high impact news coming this coming wee! Do check out my stream video for...