Mythril

Mythril

My Observation: Weekly candle failed to make a new low. Looking for a retest back to 165.916. After which, I anticipate a double top to resume its downtrend back to down to 160. Note that I used ghost candles to show the movement of price.

Mythril

Trendline shows bullish momentum. Going long with stoploss opposite of the trendline. Target is 117 If it continues and breaks to the downside. I will short with a target to 105

Mythril

Anticipating a dollar recovery. long until 121.494

Mythril

see description.

Mythril

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Mythril

There is a bullish pennant forming on the 4hr. If the 4hr closes within the pennant, it will bounce higher.

Mythril

Lets see how it plays out

Mythril

Absolute carnage on the USDCAD. 4hr Close above the Trendline. I am long. Hopefully, it breaks the High.

Mythril

Trading within the wedge. TP at the other trendline.

Mythril

Time for a dive.

Mythril

4hr chart- The trendline is broken to the upside. Major Support on 1.12100 Daily chart- Pin bar rejecting off the 20 and 50 EMA. Overall trend is bullish. I am not going to set a TP. I will exit with a SL.

Mythril

Based on my analysis, DXY will very much go up in the future. Criteria for the reasoning: Strong Uptrend on the Weekly Retracement bouncing off the 50% Fib for 2 weeks Pinbar with a long wick above the monthly support This week, I could see the news being the deciding factor for the continuation of this bullish trend. For that reason, on the short/medium term,...

Mythril

Reasons for why I am going long. -Main trend (Weekly & Monthly) is UP. -PA on the 4hr is a hammer(Long tail), right on top of a daily support area. -PA on the 4hr formed on the 38.2% Fib level. Entry- Enter on the 50% Fib of the Hammer with a tight SL. (181.173) Exit- 185.000 or 185.500 wait for a pullback to pyramid long.