The trend line is broken and the price action looks so strong, so i am interested to buy at low. The FIBO 0.618 is the first place i will wait for. TRADE IDEA : BUY AT NEAR 1.10494 SL : 1.10250 TP : 1.11629
The price did try to break the 0.98652 but now fall back, so i will assume that this is a false breakout. Since DXY is somewhat in bearish trend as i analyse before, i will look forward to sell at high, and TP half position at FIBO 0.618, adjust the SL to the break even for another half position. TRADE IDEA : SELL THE PULLBACK AT NEAR 0.98569 SL : 0.99100 TP 1 :...
If the uptrend line and the short term support 1.32215 is broken, then the trend may turn into short term bearish trend, i am interested to sell the pullback if it is broken. and i will at least hold this short position until it reaches FIBO 0.618, only i will look to buy at there. TRADE IDEA : SELL THE PULLBACK IF LEVEL 1.32215 IS BROKEN SL : 1.32550 OR ABOVE...
The price tested the crucial resistance (previous high 1.31204-1.31440) and fails to break it, so we look for opportunity to sell high. TRADE IDEA : SELL AT 1.30854 UPON THE PRICE REVERSE SL : 1.31278 OR 1.31525 TP 1 : 1.28639 TP 2 : 1.27500
A potential parallel channel is form between point A, B and C. The potential point D is a strong resistance where the FIBO 127.20 and high of 27-6-2016 at 96.71, are located at there as well. So for those who have long position can hold it until 96.68 is hit, and look forward to sell at there. TRADE IDEA : LOOK FOR SHORT OPPORTUNITY AT NEAR 96.68-97.00 SL :...
The FIBO 0.786 is tested few times and is not broken. If the price can break the support 0.75411 we can sell upon the retest after it is broken. The second option is that we could sell at level 0.76300-0.76474 where there is AB=CD pattern, and previous high. TRADE IDEA 1 : SELL AFTER THE RETEST WHEN 0.75411 IS BROKEN SL : ABOVE THE REVERSAL POINT OR 0.75870 TP 1...
There is lower high and lower low appear in 1H chart showing that the short term trend is bearish. In bigger time frame, the price is consolidating between 1336-1374 (AS THERE IS EQUAL HIGH AND EQUAL LOW). So if this sell opportunity success, i will take profit at near 1336, and look forward to buy at there. TRADE IDEA : SELL AT NEAR 1350-1352 SL : 1356 OR WHEN...
The previous high 1.30471 is broken (higher highs) and there is no lower lows appear, so i am interested to buy low. TRADE IDEA : BUY AT NEAR 1.30415 UPON PRICE REVERSE SL : 1.30000 TP 1 : 1.31561 TP 2 : 1.35170
TRADE IDEA : SELL AFTER LEVEL 0.98138-0.98200 IS TESTED AND REVERSED SL : 0.98709 TP 1 : 0.96820 TP 2 : 0.95206
We can sell high at the resistance of 15 and 21 EMA and previous broken support 44.73 IF IT IS BROKEN. TRADE IDEA : WAIT THE PRICE BREAKS 44.73 AND SELL AFTER RETEST SL : 45.30 OR ABOVE REVERSAL POINT TP : 42.80
Unless the support level 1352-1353.70 is broken, we could still looking long opportunity at this crucial support level. TRADE IDEA : LOOK FOR BUY OPPORTUNITY AT 1352-1353.70 SL : 1347.00-1348.00 TP 1 : 1375.02 TP 2 : 1391.97
We could have two tries at 2 levels: TRADE IDEA : BUY NOW AT 1.28640 SL : 1.28200 TP 1 : 1.29650 TP 2 : 1.30770 TRADE IDEA 2 : WAIT A RETEST IF LEVEL 1.28991 IS BROKEN
The price tested 2 times the resistance 114.327-114.772 and cannot break it, since if the price didnt not braek 115.505-116.120, we still can sell high. So we can try to sell here
After it hits the crucial resistance level 103.298-103.696, it goes down and retests the resistance of broken downward trend line, we could try to sell here.
If the price does not break this level, then we can consider that DXY is still bullish. So, we can buy at here. TRADE IDEA : BUY AT NEAR 95.30 SL : 94.85 TP : 96.60
If the previous high 76.883 is not broken then the trend could still be considered as bearish. There is also the FIBO 50.00 and 55EMA. Sell at here if this price level is not broken. TRADE IDEA : SELL AT 76.883-77.099 SL : 77.381 TP 1 : 74.565 TP 2 : 72.450
The previous broken support has turned resistance, and there is FIBO 50.00 and 55EMA. If this level is not broken then we still can consider to short at here. TRADE IDEA : SELL AT 115.600-112.600 SL : 116.700 TP : 110.705
The previous broken support turns to resistance, and there is also the FIBO 61.80 and resistance of 55 EMA. If the price fails to break this level then we can short at here. TRADE IDEA : SELL AT 103.264-103.746 SL : 104.30 OR ABOVE THE REVERSE POINT TP 1 : 101.212 TP 2 : 99.00