Will be looking for short entries on AU by the end of Monday or early Tuesday of the week.
As we have seen from the fundamentals (NFP) and Jerome Powell's speech on the future of US economy from the first week of March, we can expect a further bullish move from dollar index after a minor retracement.
Dollar index look very bullish from a technical perspective in the Daily and 4H TF.
spotted a rising wedge before NY. it was just a matter of time. Multiple confluences and enter on 15min break and retest.
Ethereum is here to stay! With NFT on the come up fueled by cryptos, its hard not to see value in this.
Weekly close on USoil was a bearish shooting star. Fundamentally whats going on in Texas right now, I expect oil prices to drop for short term.
Possible downside move on dollar index for this coming week! Head and shoulder formation. Once again we cannot predict the markets, we can only react to it and base our trades off that.
NFP news + Trump testing positive!! Where can the market go?! This isn't about predicting, but about reacting to the market! I've labeled some key price points to keep an eye out for, good luck everyone! 👍🏻🧐
As dxy starts taking a dive to the downside in the coming few days, expect AU to continue moving up. Even though according to the COT reports AUD contracts are mostly shorted.
Now imagine BTC taking a dive down to the $9300 zone 💰🤫🧙🏼
Rising Wedge shows a possible move to the downside, also fundamentally it looks weak.
If price holds up 1.69626 on a 4H candle close, price is likely to go higher before another drop.
As per shown chart shows. My personal bias is short to retest 1400 zone.
As we can see on the Daily TF, price has dropped below a key level of 9260. Also it has broken out of a symmetrical wedge. A safe place to enter for shorts would be when price drops below the 78.6% fibonacci retracement and it holds below on a 4H TF. I believe the price will go below the 50% fib which is around the price of 7000 or even as low as 6800 to a demand zone.
US30 looking a bit extended and we can expect a sudden drop. There has been new HH made although the oscillator indicates LH. This is a sign of short divergence, meaning there will be a reversal soon to retest 24800 zone!
We are still in a bullish channel currently. We can see a pullback either right now or after it reaches price 9720, so this is a good time to look for short intraday trades!