COMMENTARY interest rate hikes are not over. Increases are smaller than expected due to weak headline figures from Credit Suisse and SVB fallout. DXY is overall expected to move higher, given the structure. STRUCTURE - W1: 115 to 101 (14 points) - W2: 101 to 106 (5 points) - W3/B: 106 to 102 (4 points) Wave 3 could be Wave B of an ABC reversal and confirmed...
Standard risk: 2% ($100) Standard stop: 50 pips Scalp trade for short term long.
TREND: UP AUTOCLIMATE: NETURAL turning DOWN > DXY reacting to Fed Chair expectation for lower rates until 2023. > Immediate TREND will turn down if breaks
TREND: UP AUTOCLIMATE: UP > AU retraced to form a RANGE and will need to break the pivot high to continue the move higher.
ASCEND: LONG > REACHED AREA WHERE SELLING PRESSURE CAN BE EXPECTED > LOWER TL NEEDS TO BREAK TO SEE LOWER PRICES > LONG AT LOWER BB @ BU > COUNTERTREND SHORT ON TL BREAK ALLOWED
DESCEND: SHORT > REACHED AREA WHERE BUYING PRESSURE CAN BE EXPECTED > UPPER TL AND CRITICAL HIGH NEEDS TO BREAK TO SEE HIGHER PRICES AND TREND CHANGE. > NOTE PREVIOUS UTL ALREADY BROKEN AND TESTED > LOWER TL CAN STILL BREAK FOR CONTINUTATION LOWER
ASCEND: LONG > REACHED AREA WHERE SELLING PRESSURE CAN BE EXPECTED > UPPER TL NEEDS TO BREAK TO SEE HIGHER PRICES > LOWER TL AND CRITICAL LOW NEED TO BREAK FOR TREND CHANGE > TRADE THE RANGE UNTIL EITHER BREAKS WITH BIAS FOR LONGS
TREND: DOWN ACTION: SHORT 4H EC 1.5485 | 1.5450 R35 T 1.5300
AutoUFOs by tradewithufos identifies an intraday location where a high concentration of is likely to be placed. Trade Opportunities - we can look to down towards 1.1810 counter trend; OR - enter at the BUY UNFILLED ORDERS area with the trend Risk Management - above 1.1870 - below 1.1790 Trade Management - Profit targets anywhere between 1.1870...
BTCUSD: LONG 8930 / 8665 T9750 > RANGE BOUND > SHORT TERM LONG
CHFJPY: SHORT 113.25 / 113.75 R50
Long USDCHF 15M 0.9625 / 0.9615 r10
AUDJPY: SHORT 71.15 / 70.55 R50
AUDCHF: LONG 0.6275 / 0.6225 R50
AUDCAD: SHORT 0.9250 / 0.9200 R50