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Showing posts with label Tether. Show all posts
Showing posts with label Tether. Show all posts

Wednesday, February 8, 2023

February 07, 2023 at 11:27PM DXY next target is 102.6 ! #DXY

DXY next target is 102.6 !

In lower timeframe, DXY was seen to rebound from minor support while it was going down from recent Jerome Powell news, and recovers few minutes later, back to its range price. From there it does not continue to break the highs and retrace back down. From here onward it is not clear where the price will move therefore the best options is to wait the price to atleast break the news lows to continue going down MOMENTARILY to 102.6. From there we will wait FOMC news and expected the price will continue to rise higher.


Friday, February 3, 2023

February 03, 2023 at 01:15AM DXY 03/02/2023 #DXY

DXY 03/02/2023

🎯 DXY is in the reversal mode

🟧Entry basics
Never enter blindly on the level. Always put everything in a higher timeframe context. The level must be violated and the price has to do a pullback and Break of the structure. Then you look for the entry on the order block or FVG above/below 50% pullback. SL is above swing high and set TP to 3R. Don't try to predict where the price will go next or don't try to take 1:50R trade. We trade intraday reversal and reaction on the level. We get our 3R and get out of the market.

snapshot
For the short trade, the scheme would be obviously an upside-down picture picture

🟩When to enter the trade
Setup and entry must occur at these times, as it's the time when we can get the biggest volatility and highest probability
πŸ”΅London Session - 02:00-05:00 NY time // 08:00-11:00 EU time
🟒New York Session - 07:00-10:00 NY time // 14:00 - 17:00 EU time

This Strategy is not about predicting the market and the next movements. It's about the trading reaction in the liquidity levels. Which is good enough to make money by trading a couple of hours a week.

Tuesday, January 31, 2023

January 31, 2023 at 12:22AM Dollar index breaks out of Channel #DXY

Dollar index breaks out of Channel

The US dollar index made a bold move before the Fed decision by breaking out of a descending channel in the 4-hour time frame. The instrument which tracks US dollar strength across some assets has seen its movement limited in the last 2 weeks after dropping from 103.00. The possible price movement we could anticipate before Wednesday’s showdown are:

BULLISH SCENARIO
The Current breakout from the channel has established bullish interest to explore higher price levels. Traders can wait for a retest of the channel to keep up with the momentum.

BEARISH SCENARIO
With price already primed for more upwards moves in the short term, Sellers will be lurking around 102.500 and 102.84. However, should the price make a shock move back into the channel then the bearish bias remains intact.


Sunday, January 29, 2023

January 29, 2023 at 12:17AM DXY #DXY

DXY

I target price to touch monthly demand and go up or maybe clear demand weekly at 98.001 before going up.
This is my analysis. Trade at your own risk.


Saturday, January 21, 2023

DOLLAR COT 21/01/2023 #DXY

DOLLAR COT 21/01/2023

Dollar Index - is under a bearish influence, but it's coming to the demand zone .
Non-commercial still has less and less long exposure and they added quite a large amount of shorts.
During the last week, there was a change in the next positions -3K, if we look where it most likely happen, there is a nice zone for other potential shorts.



source https://www.tradingview.com/chart/DXY/vfVlQBkl-DOLLAR-COT-21-01-2023/