Hi Traders, thank you for watching my multi-timeframe analysis of this pair. My trading strategy is based on the simplicity and core of the markets which is Buying and selling.
I'm trying to spot the next steps of the big players by using the Market profile, Volume and COT (commitment of traders) The way I think about the markets is based on the fact that Market makers (banks, hedge funds)can do their operations only when other side (traders like you and me) provide them liquidity = We must sell so they can buy and opposite. So I'm looking for the Stop loss zones, fake outs and other confluences to enter the markets.
My battlefield is defined by the channels on the higher timeframes, I mostly play on the upper bands and middle bands in the directions of the COT .' I'm swing trading not intraday trading, so my ideas always takes a time and patience to play out and most important is to do the good risk management, se we can stay emotionless in a trades.
Don't hesitate to comment with any questions and if you learning something support this idea with like or share it in other trading forums.
Middle and beginning of month, this is where trend changes can take place.
pechi123
⋅
needs to break overhead resistance by another 10 pips then wave 2 low is in. I would be worried about your call on this market. Block out all the minutia about COVID-19 and Stimulus, it's a far fetched notion that they correlate, investors moving to cash the index is well positioned to soar.
LuanKrige
⋅
Seems like covid is rearing its head again I think we might still see a drop in the dxy if stimulus conversations turn positive
melchikuma
⋅
The rise in the dollar index has caused XXXUSD pairs like AUDUSD and EURUSD to strongly fall. That’s the power of the dollar index.
chrisunal1k
⋅
Good Explanation!!
InkyGrip
⋅
good luck 🦐
UnknownUnicorn5418842
⋅
Hi Dave, thank you, yet I see it as changing to bullish, so looking for a buy, yes it may retrace to the 93.00 last low for a good buying price 😊