Weekly Timeframe, pretty simple idea. 1. 147.50 major level had failed 2. Trendline 3rd touch failed mid term (next 2-3 month) buy on pullback sell on end of pullback.
Market Structure on weekly timeframe seem pretty interesting. A lot of of wicks form on previous 4-5 weekly candle but hardly break 1.1800 This week as also last week of July 2018, anticipate a quick spike to get a better price on 1.1800 zone to short again. Patient waiting for this trade to activate 1-2 days later. Watch list: 1. DXY daily support zone 2. ECB...
No any strong sign to short DXY yet... wait for daily closure to confirm if daily close strongly above 95.00, indicate a good bullish momentum still in the market. otherwise a spike above 95.00, indicate a weak bullish momentum start happening. Market will swift away around. So be careful with shorting too earlier... Aim for better entry price.. overall DXY is...
Previous candle showing some bullish sign after a significant drop last week @ support zone. Anticipate a slight pullback toward previous resistant zone 1240.00- 1245.00 to short Reason: 1. overall weekly downtrend 2. EMA50 showing downtrend 3. Bearish market structure. 4. Fundamental, Trump is playing with the trade wars news with CHINA and create some...
On chat today, DXY looking finding support at 94.50 level & resume back its way to north. Its Monday, after London Open, price went retrace slightly. to 94.50 area again. Anticipate when NY open today, to see price resume its way back to north. If other way round, price broke 94.50 and going south to 94.20. So let's see what move next.