If the bearish momentum wants to continue mind as well have a bearish trade on..
Shorted the gap up expecting the bearish momentum to continue
Speculating that bitcoin will be short-term bullish from here as it puts in a lower high. Market structure and Fib levels seem to be lining up if you pull from the recent (bearish) impulse move off of 25k Longs are counter trend at this point IMO
NQ ended last week with a bearish crossing of its 25-day moving average and all the while price action put in lower lows and lower highs. Could this be the start of a downtrend? Looking for a lower high under recent market structure for short entries
This week was money! I am up 6% and passed stage one on a funded challenge account. Before the markets closed today I CLOSED ALL POSITIONS. If you have been following me along disregard any posts previous to this idea. I took a GU trade , an EU trade , a USEK trade , and a UJ trade however the UJ trade got stopped out. Market structure and economic data were...
And so begins my (funded) forex journey. Earlier today I started a 50K challenge account and this is the first trade I took in it.
DXY recently broke, and is currently holding above, the 21 day exponential moving average. After breaking a significant level (103.8) to new highs, price action is currently consolidating. Could this be the start of an uptrend?
risking a little bit on a GU day trade here. looking for last weeks lows (dotted white line)
A few of the basket pairs seem to be lagging behind DXY. Did DXY pave the way? Is DXY showing us what the near future will hold for these pairs? Watching and waiting to see what happens here
As you can see, price action on the chart to the left (DXY) has broken and is currently trading above last week's highs. The chart to the left (USDSEK) appears to be "lagging" compared to DXY, and the other basket pairs. Looking for USDSEK to move high and get back into correlation with DXY basket
Risk is back on in GBPUSD. Shorts are looking good here with 1H market structure. risking 2% because 1/5 RR
took the short profits off this a bit earlier today, time to go long??
I took my profits off the EU trade , the GU trade , and just put them into this USDJPY trade . It looks like UJ is currently trading at a discount. If you've been following my ideas along, this is my only active trade. Disregard any previously posted ideas ( except this Mid-Week DXY Update )
here is my updated analysis on EURUSD as the LTFS have finally made it out of an intraday range
bullish usdjpy on the breakout of 1H market structure
Before the markets closed last weekend I started building my DXY longs (xxx/usd shorts or usd/xxx longs). Risking 2% max on the bullish DXY bias. 0.5% risk is here in EU, another 0.5% is locked up in a GU short, and the remaining 1% will be spread out across UJ and UC if I see correct market conditions this week.
134.6 held as support the last couple of times price got here, third times a charm?
134.6 seems to be a pretty significant price level, let's see if it wants to hold as support here.