Pattern: Channel Up on 4H. Signal: Buy once the 4H MA50 (which is acting as Resistance) breaks. Target: 95.30 (the Higher High trend-line of the Channel Up). Most recent DXY signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
This is a simple illustration of how the MACD on the 1D chart can give a good signal, at least on the short-term. As you see on the chart, at least since March 2018, every time the MACD is trading towards 0 following a trend, the price makes a short-term directional change. I.e. when the price is rising and the and the MACD hits 0.00, then the price temporarily...
Pattern: Channel Up on 4H. Signal: (A) Sell as it approaches the Higher High trend-line of the pattern, (B) Buy when it approaches the Higher Low trend-line. Target: (A) 93.70 (potential -1.10% drop from the symmetrical Higher High), (B) 95.00 (just below the Higher High trend-line). Most recent DXY signal: ** Please support this idea with your likes...
Pattern: Potential Channel Up on 4H. Signal: (A) Buy as long as the Support is intact (B) Sell if the Support breaks. Target: (A) 93.90 (right below the Resistance) (B) 91.85 (right above the Support). *note: Tight SL needed on both ends as the volatility around and after the Fed Rate Decision will most likely be high. We want the price action to stabilize...
Pattern: Channel Down on 4H. Signal: Sell as the price just broke the 4H MA50 and is approaching the Lower High trend-line of the Channel Down. Target: 91.35 (Lower Low of the Channel Down). Most recent signal on DXY: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via...
Pattern: Channel Down on 4H. Signal: Buy as the RSI and MACD have hit their respective Support levels, with the price already near the Lower Low trend-line of the Channel. Target: 92.85 (potential contact with the 4H MA50). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via...
WITH AN ONGOING SERIES OF SHORTS IN THE DOLLAR, SOME IMPULSIVE AND SOME HAVE AN EXTENSIVE SHORT IMPULSIVE FORCE. CURRENTLY LOOKING TO SHORT THE DOLLAR ON THE TWO SUPPLY PRICE BLOCKS. REMEMBER APPLYING 2% PER TRADE
DXY was trending in Downside From last couple of month . now at current level , it is trading at various support level with formation of Doji Candle at bottom. According to chart pattern analysis, we might see upside in DXY from current level. Thank You
Pattern: Rectangle on 4H within 92.50 - 94.00. Signal: Buy as the MACD and RSI are ascending and just made contact with their bullish trend-line. Target: 93.90 (just below the Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a...
Pattern: Channel Down on 1D. Signal: (A) Bullish near 93.10, (B) Bearish if the Channel breaks. Target: (A) 94.50, (B) 90.50 (the blue outer Lower Low trend-line. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
For those interested in similar patterns playing out in the market, here's a look at the DXY. If it continues to play out, then it suggests higher highs incoming.
Buy only at rejection. With this we can expect USD to gain strength.
Price is currently within an ascending channel pattern. After price made an impulsive bullish move from May 11 to May 16, price pulled back with a descending channel at the bottom. We are expecting an end of the pullback right at the 61.8% fib level of the bullish move and a possible reversal.
Pattern: Rectangle on 1D. Signal: Bullish as a candle of such strength has led to a new (Lower High) within the Rectangle on all 3 previous occasions. Target: 100.80 (Lower High on the dashed line). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Pattern: Fibonacci retracement. Signal: Bullish either on the 0.618 or 0.786 level based on the previous similar sequences. Target: 104.50 (slightly below the -0.236).
Hi traders, see how this idea can fit into your concepts. Good luck! FIBZ