Looking for the dollar to reverse or break and retest the head and shoulders neckline. Price dropped super-fast this morning. And stopped right at the daily OB. I put on the FIB and OB indicator so you guys can see that the indicator was triggered in these ideal areas of entry.
Looking to enter for a buy entry for all pairs that's positive with the dollar and vice versa. We may see some fakes to the downside. We also may see the dollar range a bit before heading to the upside. We are right at the neckline and 50% fib too!! .
Last week at the end of the week we saw smart money trying to fake people to the up and downside. On the smaller time frames, you see the dollar falling really nicely. Breaking small Breaks of structure. I am waiting for the dollar to hit the 4-hour Support area. I am looking for signs of weakness to the downside and push back up again or price might just break...
The dollar been ranging for most of the week. I just been following the sentiment on the bigger time frames. Dollar finally out the range and heading up. While EU heading down. I am showing you how i safely enter trades using reversal patterns ONLY. Pretty neat!!
DXY - Has been on a pullback trend for some time now. DXY has finally hit the weekly order block. I will be looking for signs of weakness on the smaller time frames. As long as the dollar don't break structures to the upside i am still bias for a sell on the Dollar. FIB pullback right now is way past 61%.
Weekly - Double top and broke structure. Daily we see market almost to the double top neckline. 4-hour market has really good potential to break the weekly high and tap into that weekly order block resistance area. I think price need to reach there in order for the dollar to continue its overall downtrend.
NCAD just got out of the range / double bottom. I am waiting for the smaller time frames like the 1 hour to see some type of rejection candle or a doji to let me know that this new support can stick. if not i might wait for the market to pull all the way back to the first low.
Looking for sells only still. I see the 4 hour is looking bearish. plus the 4 hour is making lower highs and breaking market structure.
Dollar dropped so fast that it developed imbalances. Dollar will pullback before dropping more to the main support area.
GOLD sitting on top of the 200 EMA. not showing any signs of reversing. on the smaller time frame like the 5 min we do see an inverted head and shoulders. this might be a sign that GOLD want to retest the 1-hour support area again. I am hoping we can get into that area and reenter a buy!
Gold popped out of the range finally and is on an uptrend. Weekly fib was around the 68% and price is reaching the daily high. looking for a continuation to the upside.
DXY maybe ending the pullback. Friday doji on the daily. Also hit the double top neckline. I will be looking for signs of reversals.
Gold has been ranging forever! Gold is now at the bottom of the range. Gold can do one or two things it can bounce back up into the range or finally push Down and past the weekly low. Dollar is working its way down so Gold maybe working its way up back into the range. I also turned on the 1-hour Order block and discovered that price is sitting on a 1-hour support.
Gold is in a range. In the range I see small signs of bullish trend inside the range. I am looking to enter a buy at the 1hour support area and exit and the 1hour resistance area inside the range. I am not looking to hold. I am looking for price to break the range.
Gold is ranging.. however the 200 ma is below price right now..so i maybe interested in a short term buy
NAS is still on a bullish run! Looking on the Monthly and weekly we hit a resistance area. I am looking on the smaller time frames to see any small signs of a reversal and deep reversals. Right 200 ma shows a strong trend, price hit my 50ma (moving support). I think we will be good to go to enter a buy during the London and New York Session until that main...
DXY hit a seriously strong support area! If you go to the weekly time frame you will see a double bottom pattern with a break and retest. Price is at the weekly support. Price may not be able to break that support area. That thing maybe way too strong to break through. Price will have to pullback to grab more sell orders to break that weekly order block. I...
Bulls are pushing the market up! Bulls are confident that the dollar made it through the weekly high and more orders are rushing in!!