Cup and Handle has formed on the US Dollar Index. This took place after the break out of the downside. The latest US jobs report for Friday indicated a significant surge in employment, outpacing the predictions of economists. The economy saw the addition of 353,000 seasonally adjusted jobs in the last month, marking the highest increase in a year. Also with...
The dollar index still bullish and I'm still expecting it to head higher next week to take the highs 106.840 and maybe even higher from a long term perspective, we are maybe going to see a retracement into the FVG and then a push higher .
Confirmation • Buy side liquidity taken out ✔️ • Break in Market structure ✔️ Entry • At Fair Value Gap ✔️ • At Premium ✔️ Target • At a discount 🎯
Confirmation • Buy side liquidity taken out ✔️ • Break in Market structure ✔️ • Price at premium ✔️ Entry • At Fair Value Gap and above the midnight open ✔️ • London killzone ✔️ Target • At a Discount below 1.0800 ✔️
Hey traders, DXY have formed a good bullish flag, that's a good sign if you are looking forwards executing some xxxusd short or usdxxx long the coming week. I highly recommend you to analyze DXY every end of the week if not everyday, that will help you to spot the direction of USD pairs and trade them in a more professional way. Trade safe, Joe.
Hey Traders, in this week we're monitoring EURUSD for a swing selling idea around 1.16865 Zones, once we will see any bearish confirmation the trade will be executed. Remember the importance of money management and risk only a small percentage of your account. the number one rule: Risk Small, Aim big. Joe.
although confirmation in the chart not there yet I would like to get this one out there. long dollar pairs to be seen?
Short NZDUSD is in my top 2 FX Trades for several reasons: 1. NZD is considered the riskiest G10 currency cross, so NZD trades weaker in risk-off markets, or when equities/ SPX trade lower (you can see the high correlation with SPX at the bottom of the graph). - With Brexit occurring last week, global risk has increased, this is especially the case for NZD due...