While DXY continues down I would expect to see USDCAD follow. Targeting new lows on the 15M chart and risking to new highs
taking a long position in usdcad incase DXY wants to run up from here. the LTF USDCAD charts are showing a bullish breakout and support currently holding
I think this bearish momentum will continue in DXY and ultimately all the basket pairs. Taking UJ lower on LTF market structure
if this LTF support holds and EU wants to make a bottom right here the RR on a long to new 4hr highs is pretty good
I pointed out in a previously posted idea that HTF resistance was coming in around 104 and 106 in the DXY chart. After reaching the 103.75 price levels price started moving lower making lower lows and lower highs on the LTFs.
Watch for DXY to gap down, fill, and then continue down. Set ups forming on UJ and EU to go along with this idea if it plays out (retrace and continuation of the move that just happened as the Asian session opened)
GU is lining up for another breakout play. looking for a bearish break out of this 4H consolidation zone
betting on a GU bottom here based on the low timeframe market structure. HTF structure off the 4H up around 1.2230
Watching for DXY to "top out" this week and start putting in a higher low. On USDJPY I will be looking for possible short entries around the 132.5 price levels and on USDCAD I will be looking to buy pullbacks .
The NFP numbers came out this week and DXY traded higher breaking out of the months long consolidation zone it has been in. That's probably what the market was waiting for (news/reports)... With all that, comes a bullish bias and into the next week of trading I will be watching for DXY to "top out". There is some higher timeframe resistance zones coming in...
along with that DXY gap comes a play in almost every pair that makes up the basket ... long UC with decent RR
looking for GU to break to the downside and then continue down to re test the area we just bounced away from
new highs are a long ways up from here.. I'm looking for usdsek to but in a higher low here and continue to the upside
got a two for one with this one!! LTF support on BTCUSD keeps breaking and I turned it into $1000/hr with two trades
If bitcoin decides to top out here the RR on a short position is too good to pass up. LTF support is breaking while resistance is holding.. Watching for this to make new lows from here
DXY opened up with a HUGE gap down!! watch usd/xxx fly as it closes !!
usdjpy has been trading in a range for the last couple of weeks.. as we are currently sitting at a range low, I would like to see a bounce from here to test the top of the range
looking like we have a break and hold below 0.645, a nice round number and a psychological level