GU has been in a bearish trend for some time now. Got a nice rejection off of the 1.30500 area. Looking to ride it down to my next level of liquidity which is at 1.28742. The MACD4C shows a lot of bearish pressure as well. Ideally i Would love for my MACD4c to cross upwards so I can get a higher entry. If my MACD does cross over the 0.000 I am expecting price to...
EU has been in a bearish trend for some time now. Got a nice rejection off of the 1.09341 area. Looking to ride it down to my next level of support which is at 1.08198. The MACD4C shows a lot of bearish pressure as well. Ideally I Would love for my MACD4c to cross upwards so I can get a higher entry. If my MACD does cross over the 0.000 I am expecting price to...
Anticipating shorts on GJ. GJ has had a bearish run at the end of last week. Looking for a healthy pull back on the 1H time frame before taking short positions. Further confluence is that GJ pushed below my daily level of support. Ideal, I would like a pull back to this area of support.
Looking to long the DXY, currently the DXY is in a pull back, looking for it to sell off into my zone (blue box) and I will take an entry on an order block (orange box) for bullish moves. I am looking for shorts opening of the market/early next week, before the overall long move mid/end of next week.
Price struggled to break through last weeks high. Speculating price to continue to struggle and test the monthly low. Once price gets to the monthly now I will play it by ear to see where price might potentially head. Over all bias is bearish to take out downside liquidity and last weeks low.
Shorting GU due to my DSY long sentiment. Last week GU formed a double top on the 4 hour time frame as labeled by the blue box. The double top also rejected off of the bearish trend line. I speculate that GU will sell down to the pivot level of 1.37600. Once it gets to this area I will see what the market gives me.
The DXY is approaching a key level around the 93.00 area. There seems to be resistance at the 92.800 area. Will go bullish until 92.800 and wait for potential reversal or continuation. On the daily item frame DXY is bullish, the slight bearish run last week might have been a healthy retest before the continuation on the bullish run.
Fairly new trader, (Less than five years) Publishing ideas to sharpen my skills and get feedback from more experienced traders. Any and all constructive criticism is appreciated. Considering that the dollar is setting up for a bearish move, I am looking for EU to go bullish. EU has rejected off of the 1.18100 level. Looking for EU to reach 1.9000 if there is...