Sell-buy
DXYDXY (Dollar Index)
DXY - This is the dollar index against a basket of other major pairs. An analysis of this index before trading dollar pairs is highly recommended, as I know the general trend where $ is going, you can clarify the situation with other pairs.
In general, as you can see the index is "nowhere". The past few weeks have been bearish for the dollar, so it is not clear whether the index will correct upward before continuing the downtrend, or whether the price will continue to fall without a correction.
In any case, watch out for the two ranges that are 90.60 and 91.40. These are the nearest key levels where the price reaction will come from.
Based on how the price will react at those levels, it will be possible to guess where the dollar will dive approximately in the coming week.
AUDUSD H1 AUDUSD H1 Intraday set up!
As u can see the price broke above the range and retracing to test the broken level. Just watch how does the price reacts to that level. If the level holds and we see some patterns e.g. Pin bar, Engulfing we can go long. If the bribe breaks down with nice impulse and holds below, it can be treated as false break and go short.
USDJPY 4HR TIMEFRAME USDJPY is going to a market structure bearish movement.
if it continues to sell. I'll add more TP'S.
My analysis also works for the daily timeframe as well.
REMINDER: Always take profit/partial profit at TP1. Price usually returns back to entry to fill the fair value gap, then take off!
Analysis EUHey Traders, Eurusd is looking like it would go up to the target of 27%. However you will see divergence in multiple timeframes indicating to it will go up soon. Therefore the candles are on the order block of the neckline. No telling if the it would retrace to the 71% golden area but does look like it already hit the double bottom format.
USDCAD NEUTRAL BIASThere high chance of USDCAD melting to the downside because its at a strong resistance on the Higher timeframes such as the daily but this could be also a chance for the bulls to push price higher as its in a uptrend but the longer term picture of this pair is bearish but we will see what the US/london session offers with a directional bias
BTC USD Just A thought As the title says this is just a thought. Other than one extremely well hidden clue no tradable advice can be found on this chart.
Although it might ,.. this chart does not necessarily reflect my opinion on the matter.
I do not care whether you hodl, accumulate, buy short or sell longs ;) and I do not wish to persuade anyone to do something.
I never make judgements about the risk preferences of others and yet I'm already imagining the comments... (if any).