oil has a big divergence on weekly chart, the lower timeframes could follow suit frome here
daily uptrend means we might be able to sneak a bullish entry on this bounce and take some pips
lets keep this run of winners up by shorting at a good price at the end of an exhausted and continued uptrend, as it rejects my red line that acts as a double top, with an inside bar breakdown
im going against the want to sell from here, may seem strange, but at the end of the day the only things that ,matter are accumulation and distribution. look for a pullback to buy
silver and the metals look bullish on daily and weekly chart, so as traders its our job to find an entry, i believe the current consolidation is perfect entry point to target higher highs, as dxy and economic state worsens. give me a like it really does help get me noticed! and be able to post more big winners ! much respect
price looks to have made a continuation flag, i am cautious however as we have rallied hard already this week, but i have taken a postion with a smaller risk
as you can dxy is breaking the important 93.5 level, and breaking a 4h uptrendline.
over the weekend cineworld announced closure of i believe all 158 of its cinemas here in the U.K. so this is no doubt bringing volatility to this stock come london session, the question is what way will the stock go. you may say silly question, but the market can induce. maybe wait for breakout of consolidation. we also have a cross of the handy rvi which signals...
usdcad looks super bearish with dxy plumetting, maybe look for price pullback to green zone before going short, check daily also very bearish, give me a like!
looks like eur/usd is failing to break previous low on 4h chart, im entering short
inside bar breakdown from supply zone, short baby!!!!
Now people before you begin to think im crazy let me explain my theory, dxy is likely to fall from 94 down to 90. xrp price when dxy was at 91.5 was 0.34ish, if we get one more down leg in dxy to 90 i believe this makes the fair value of xrp around 0.39 at the 1.618 extension. this will be met with superior resistance. and price will melt away until another day.
Expect eur/usd to climb to 1.22 as the dxy should sell off to 90ish here, then i expect a big sell off as weekly dxy makes a comeback. 1.22 and out and then buy the weekly low when dxy prints 95/96
litecoin is oversold on dailytime frame, so find a good entry on lower timeframe and aim 50 percent retracement, maybe higher if dollar continues to weaken, but for an easy trade thats a good target, stop loss 39.5 so trade is about 2:1 risk reward ratio
leave a comment or a like please if your enjoying my work, and hopefully catching some of these pips. all the best
My views on the dxy are unchanged, i believe we are still in strong bear trend, as price has rejected previous low, aswell as the EMA 89. I have added an indicator which is rvi, as you can see it crossed at the ema, thats a good indicator signal to add to the strcture at play. RVI is a pretty neat indicator to aid in exiting trades aswell, give it a try!