This is a short term trade. If that thin pink channel we´re trading right now is broken, then we should bear the DXY but only up to 100.93 taking us to the bottom black channel or 61.8 last bullish impulse, probably tomorrow US session. Anyway DXY seems to be overbought. What happens next? We will see ..... this is trading. If the black channel broken then we...
Usually I dont place my Fx trading ideas because I´m selling them in zulutrade www.zulutrade.com , but in this case will be a sin not doing it .... its so obvious that I can´t really believe it. You will have great profits from this one because is a long term trade. In the 4H I see impulse correction and then ..... we will need this level to be broken downside...
Just remember to take your profits 1 by 1 and your TP1 is 100.35. Dont go straight forward for TP2. Go to the related ideas to understad what I mean.
For this one I had already found the channel (wave) I´m going to trade. For me this is an AB=CD pattern. I just want you to realize all those blue drawings. Today our 4h bear channel has been broken, in the same blue level so I see a bullish movement. Also remember that last week that resistance was broken upside signaling the next movement. For this trade EP...
Hi traders. Maybe if you follow me or watch my trading ideas you will know that my Fx trading is based in Forex Indexes. What I mean is that if I trade for example the USDJPY I have my eyes in the DXY and the JXY. Why? Basically because you need to have an overall approach to the pairs and undestand if the currency itself is appreciating or depreciating respect...
In my last DXY forecast "We hit TP2 in that Cypher .... now what? ST and LT forecast" the trade was bear it in 101.1 or 101.7 (the top blue to line). After sparkling CPI and Retail Sales the DXY made a fast aggressive move touching the top of the thin pink channel, and then we had been experiencing a continued bear move downwards taking us to the bottom of the...
Since last week I had been trading that Cypher I found. Yesterday as expected we hit TP1 and today TP2 target in the DXY was 101.31, so this was a great trade. Returning to our trade Ok, lets see. Since december we were trading that Falling Wedge Pg. 795 that was broken last week so if we go to the book (Encyclopedia of Chart Patterns) we should expect a 51%...
I had lost a couple of trades trying to do the expected bull impulse, but after analyzing why my trade didnt go through properly, decided to study the AXY and ZXY index, and while the ausie is almost exhausted, the kiwi still have room to strengh. Never mind. I know that really wise guys as Anil Mangal or WaveTrader had forecasted the bull impulse, but I realize...
I´m a trader and also and economist, at least that is what the title says. As an economist I fear Trump policies, attitudes, ego, lies ...... and this will be for real for the next 4 years, and that is what markets feel as shown in the USD pairs charts. But, but, but, as a trader, I already know that market is getting ready for fridays big event and is not ready...
The channel between the pink lines is the one we had been transiting since last december. Oh yes, up and downs, but for me is very clear that the bottom of it is still far away. Probably by monday or tuesday next week DXY should be arriving our TP2. For this trade EP 99.42 TP1 99.0 TP2 98.19. My last forecast for the DXY was almost perfect, hope this one also work.
We are in the same Bat pattern as in yesterday but he have extended it for one more day, now showing us also a double top from yesterday, a double top for today, and a double top for both days (Eve and Adam Pg. 307) expecting a 53% change when trends end and after our confirmation lin in red aslo previous resistance. So this trade will be EP 22.88 TP1 2284 TP2...
I need to go back to my last trading idea in the XCUUSD, cuase it was something as shown in this chart, nothing has changed, except blue lines and pink channel. Technically, what I was expecting was a return to the 61.8 Fibo retracement. So, again EP 2.68 SL 2.74 TP1 2.60 TP2 2.56.
Usually when I see those double bottoms means that we´re going to live a trend change an seems this one is not the execption. Right now, what I see is impulse, correction or flag, and now then after JPY GDP lower than expected acute impulse. I´m already trading the DXY Cypher pattern already found, so if you apply that trade in the USDJPY probably what you...
This is a short term trade but anyway now we should be bear, why? As you can see in the Daily time frame, we had already arrived the top of the channel in blue, but still in the channel in pink. So, for this trade I expect bear correction to the bottom of the pink channel (gross) and then buy again to complete AB=CD. For this trade EP 17.96161 SL 18.11635 TP1 ...
We´re still trading the same Cypher identifyed last week. On friday we arrived TP1 very short and then we found correction as expected. Anyway, this one still looks good. TP2 101.3 temember to apply this to all USD pairs.
The EURUSD channel we had been dealing with since december last year, was borken last week. Ok, we expected correction as it did, but now is very clear wich is the new trend in that little channel in pink (thin pink lines). For this trade EP 1.06175 SL 1.06557 TP1 1.05800 TP2 1.05232.
In my last DXY forecast I found a Cypher Pattern that is profitable right now. So, returnign to the strategy for this trade, I was expecting this impulse, and right now, I need exactly this candle (blue point) to close above the 100.7. Why? If not, maybe we will have only a double top, something need to be aware of. I will place my stops orders in the USD pairs...
I think the chart explains by itself very clearly so you will know what to do. Just see the pink channel we were trading and how it was broken. So you should expect correction flag and then bearish impulse. Probably if you go to a lower time frame as 4h or 1h could understand better what I mean but wanted to show the borad picture.