Practicing using DXY with my analysis. This markup is my thought for the long term play. We shall see!
Looking for sells on this pair. Waiting for price to form low point formation and for it to pull back at a higher price before entry.
I'm looking at a correction on this pair and buy opportunities potentially to the 61.8 fib level. I believe price has completed an impulse wave and is preparing to correct.
Price appears to have hit a D extension. 15 min TL has broken. Anticipating short to D 61.8 extension.
Price looks to have hit a D extension. I believe this is a corrective structure and now we are completing the A to B wave to complete B to C. Short term buy for longer term sell.
I believe I read this setup wrong when I published on the 25th. I believe there is another wave that needs to complete before price corrects. If this is the case, I see two possible scenarios; 1. price reaching the retracement extension @ ~129.XX or price reaching the last low @ ~131.75. What are your thoughts on this one?
Price could pull back deeper, but looks to be testing the back side of the up trendline. I'd be looking for sell positions at least down to the first TP with potential to the second.
I measured my D extension wrong on this one last week. Price hit D extension this week and looks to have found support. Waiting on bullish evidence to enter short term buy for potential longer term setup.
It looks like price has hit a D extension. Looking for a retracement and then a buy. Short term sell for longer term buy.
Price at retracement level of 61.8, broke below up trendline and looks to have retested. Potential short for ~210 pips.
Oh GU...lol. This pair, this pair. I am looking at two potential scenarios on this pair. Price pulled back to the 38.2 zone. It could continue to the -0.618 extension, or we could see a deeper pullback to a higher retracement level before we see a continuation to the downside.
It looks like price has reached it's current fib extension. It could continue to travel lower, however, I believe we may see a pullback and then a short. I anticipate two scenarios, one for a ~700 pip sell, the other for a little shorter, to the 38.2 fib level before we see a move back up.
Hey hey. I've added some fib analysis on the chart. Waiting for a retracement for a potential buy.
D extension hit on previous down move. Anticipating buy up to 108.88 based on 61.8 pullback. Could stop shorter, will follow with trailing SL.
Price has it first wave extension. Anticipating a buy to the 38.2% fib level of the initial move down for ~230 pips.