Looks like we are still in bigger correction, so I draw several options I will be looking for. But mostly I'm waiting for some down movement on a bigger scale, even in the case index shows a new high.
Regardless of the DXY setup this index looks more bullish, I will be staying out of the market with this one for a while.
With GBP I'm looking for just 1 scenario, I plan to buy it after a correction lower. BTW it is important to mention, here we already have a correction but it keeps the price rising, but anyway I don't consider it as a trend.
2 basic scenarios I'm look for now, 1. Yellow - here I wait kind of movement to the target zone and after a further correction; 2. Green - which I prefer most, looks like a continuation of a down movement during which the reversal model will be completed and we can attend an up movement;
With this pair I'm in such a long story of a long search... So, what I expect: in a long term I will be definitely bullish, but need to find a good start: Have 2 scenarios, both about the long, but the idea is to watch a short down movement and to get a better price for that.
AUD is still very very interesting long setup, but on a tactical level looks like we will have kind of down movement, I'm still here to get a good long.
Very close to AUDUSD, both scenarios are longs, but also we have a possbile down movement before a long.
Here I'm waiting a correction after an impulse, probably correction will go lower before a longterm buy
The same as I wrote for DXY but with this equally weighted index sell set-up is even more clear.
Hope all of you survived March 2020... So we have a quite interesting scenarios with DXY which is showing us several possible down movements. What is important to know, we are about to enter "the post-virus economy" which already started with huge stimulus from FED and other CBs worldwide. BUT why don't we get a USD falling into hyperinflation after the enlarged...
Here likely we have a flag, which during coming sessions can be resolved as another up impulse. As usual, I'm looking for possible alternative movements: 1. Green: main scenario; 2. Yellow: possible formation of a bigger structure with establishing a new low;
Similar to USDCHF, so, in general, my opinion is bullish: 1. Yellow: is more short-term, here we may see a continuation of a previous bullish impulse, after a correction; 2. Green: let's say it is more long term, but the general direction is to retest 120;
At some point in the future we can see a possible reliance as far as it looks like the world economy is going to be restarted from the east. So I have two scenarios, both bullish, but first of all at some tactical lvl: 1. Yellow: after a little flag we will get a continuation of the impulse; 2. Green: so here we may have a construction of a bigger reversal model;
Similar to the Platinum setup, I'm waiting for the next impulse after the flag is formed.
Here I'm looking for a new impulse, basically, for now I'm only bullish here.
This pair is very interesting as far as it shows kind of a crisis barometer, normally CHF is used as a safe haven so when something is going badly we can usually see an inverse situation when US dollar gain against almost everything but losses positions with Franc and Yen Two scenarios I'm getting prepared with USDCHF: 1. Yellow: here we can have some enlargement...
It looks like we are ahead of a further continuation, pretty good to trade on smaller timeframes.
The oil market is overloaded with a geopolitical conjecture and I expect an up movement under the recent jawboning from Trump. I've mentioned two levels where I'd expect it to come next periods, but for now, don't have any prepared scenarios, it looks like it can be an impulse up with some pretty short corrections. What is important to mention here, we shouldn't...