Here is the DXY on the Daily Chart.
We can see price is back in and around support and has bounced from this zone. Will we see some hawkish fundy's from the Fed to give the USD the backing it needs in the markets right now. Will the push from this level continue?
Lets see what happens. Be careful with trading right now. End of month flows and bank holidays on Monday.
Either a short down to 36ema (1.40) level as TP 1 as a pullback and retest of the supply zone we are currently at, trying to break through 1.42 level afterwards,
OR a bigger pullback down to TP2 (at this point, either a deeper pullback to retest the highs later OR a reversal, the former is more likely).
The two arrows represent scenarios to look out for.
I think the crypto space is definitely levelling out, after the river flow of the BTC drop from Chinas ban on Mining last week.
Looking at the chart I can see a new kill zone (BUY Box) appearing that could indicate a turn for a long position.
However should we see the the 21.122 break then we will need to re-evaluate the next level which quite scary!
Quick update on NIO here. After a tremendous rise throughout 2020, NIO caught the eye of many people, me especially I first bought in at $14 but when it inched closer to $50 as soon as three months later, that was a big no no for me. So ever since then it went a bit higher. Fast-forward to today, however, it's back around $35, which makes me...
Let’s take it to the daily timeframe.
Even it’s been a monster move, Bitcoin has a healthy uptrend, consolidating before next impulses..
Long story short:
If Bitcoin follows the red channel the next wave up is aiming to conquer the $80,000 USD area...
Remember consolidations and healthy corrections are needed to continue this uptrend beyond the first target 🎯
If you are entering a long now as per the first audusd idea posted, take it at half risk. Be very cautious and wait for Scenario 1 to play out for longs - we need to test 0.78 as Support on H4 (pullback of higher low) before we can look for longs in that area. Either scenarios can play out depending on what the price does, or I could be totally wrong!
Higher highs, higher lows, two legged pullback holding previous level of support, now targeting previous highs. Look for entries on H4/H1 pullbacks, and ensure that H4/H1 price action is above 200ema with nice uptrend structure.
Stop Loss set at 1.3790 (just under the demand zone).
TRADING IDEA - NOT INVESTMENT OPPORTUNITY.
After todays sell off with around 10% of whales selling BITCOIN, weve found support at a strong high time froamde support line. From my analysis of the 15m timeframe once we have again retested the long trending support, potential for a test of the neckline. What's your thoughts?
Simple One-legged pullback on a bull trend - higher highs and higher lows. Buying off a 36ema bounce, no sign of reversal or top yet, targeting the previous highs. Stop loss below swing low.
Look into H1/H4 to pinpoint good entries into a long. GL!
JUST A TRADING IDEA --- NOT AT INVESTMENT OPPORTUNITY! TRADE AT YOUR OWN RISK.
EURUSD looks set to continue its bullish rise up to the last biggest resistance/0.618 fib level, 1.25.
To break down what's happening on the chart:
The red line represents the long term bearish trendline that started in 2008. In October, fibre pulled back after breaking the trend and bounced strongly off it, signaling a new long-term bullishness.
Simple one legged move, bounce off 36 ema downwards.
Problem: Big area of demand/support awaiting which we have bounced off of multiple times, and we are shorting on a pullback near that zone.
If candlestick on monday is a healthy bearish stick, breaking and closing below 12ema, we can look for shorts, securing most profits at the previous demand/support area...
IDEA (not trading advice, trade at your own risk). Uptrend, higher highs and higher lows. Healthy bullish bounce off 12 emas, easy V-shaped/one-legged pullback move to the upside, targeting next resistance area. Stop losses just under previous swing low.
If the previous price levels hold and we form a triple bottom at the marked up support, we could continue the long uptrend and break out of the wedge with higher lows & higher highs. Targeting next area of supply. No boxes drawn, quite new to tradingview so not good with the tools here. Let me know what you think, this is JUST an idea. NOT an investment...