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DOVYFX
Happy Sunday!
Markets open soon π
What do you want next week?
Markets open soon π
What do you want next week?
Everyone has decided! π€
This whole week I will share daily chart markups and analysis with free members as well π
This whole week I will share daily chart markups and analysis with free members as well π
Forwarded from DovyFX | PREMIUM
AUD/USD
Overall bearish movement from daily/weekly resistance.
Price has still not moved all the way down to daily support, so this will be our overall target for today or this week.
We used this supply level last week where we took a short position and secured profits before market close.
Currently the price is at the same level, so I will be waiting for entry confirmation on lower timeframes to take short trade again.
Overall bearish movement from daily/weekly resistance.
Price has still not moved all the way down to daily support, so this will be our overall target for today or this week.
We used this supply level last week where we took a short position and secured profits before market close.
Currently the price is at the same level, so I will be waiting for entry confirmation on lower timeframes to take short trade again.
Forwarded from DovyFX | PREMIUM
AUD/JPY
For the past 49 days the price has been forming higher highs & higher lows (on daily timeframe)
After rejecting daily support it has moved up significantly on Friday.
My bias stays bullish and I will be looking to take long position if the price retraces to my demand level below.
For the past 49 days the price has been forming higher highs & higher lows (on daily timeframe)
After rejecting daily support it has moved up significantly on Friday.
My bias stays bullish and I will be looking to take long position if the price retraces to my demand level below.
Forwarded from DovyFX | PREMIUM
US100
A nice selloff and change of structure coming from resistance last week on Friday. Previous daily candle is bearish.
Currently came back to resistance where we already saw a lot of bears step in at this specific area.
Also the price is currently rejecting my fibs levels.
Will be looking for short-term short positions
A nice selloff and change of structure coming from resistance last week on Friday. Previous daily candle is bearish.
Currently came back to resistance where we already saw a lot of bears step in at this specific area.
Also the price is currently rejecting my fibs levels.
Will be looking for short-term short positions
Forwarded from DovyFX | PREMIUM
XAU/USD
Like mentioned, USD is starting to show some strength and on this chart you can see how gold rejected daily support + formed a head and shoulders on 2H timeframe.
There is a supply area on the chart that has a strong volume spike, so this is where I will be looking to sell Gold
Like mentioned, USD is starting to show some strength and on this chart you can see how gold rejected daily support + formed a head and shoulders on 2H timeframe.
There is a supply area on the chart that has a strong volume spike, so this is where I will be looking to sell Gold
Forwarded from DovyFX | PREMIUM
US30
Has been slowly moving lower for a while now with very instant moves up and down. This is why lately I have been trading indexes a bit less than usual.
Currently the price is sitting at a 4H supply + trendline resistance.
Waiting for rejections and momentum lower for potential short opportunities.
Has been slowly moving lower for a while now with very instant moves up and down. This is why lately I have been trading indexes a bit less than usual.
Currently the price is sitting at a 4H supply + trendline resistance.
Waiting for rejections and momentum lower for potential short opportunities.
Forwarded from DovyFX | PREMIUM
AUD/USD
Bearish pressure remains on this chart as the price continues to form lower lows and lower highs.
Below we have a daily support that price has not yet properly retested, so my bias is for the price to move lower at least to the support below.
I have a 1H supply area above, where I will be looking for short opportunities.
Bearish pressure remains on this chart as the price continues to form lower lows and lower highs.
Below we have a daily support that price has not yet properly retested, so my bias is for the price to move lower at least to the support below.
I have a 1H supply area above, where I will be looking for short opportunities.
Forwarded from DovyFX | PREMIUM
XAU/USD
After strong rejection to weekly resistance the price has been moving lower since. It continues to break zones below and there are no signs of weakness from bears.
Above I have a resistance + 1H supply where I will be looking to take sells.
After strong rejection to weekly resistance the price has been moving lower since. It continues to break zones below and there are no signs of weakness from bears.
Above I have a resistance + 1H supply where I will be looking to take sells.
Forwarded from DovyFX | PREMIUM
GBP/USD
Last night daily candle closed bullish engulfing after bouncing from a daily support.
Currently the price moved lower but had an instant reaction after touching demand area and some key fib levels.
Waiting for confirmations on lower timeframes for a potential long trade.
Last night daily candle closed bullish engulfing after bouncing from a daily support.
Currently the price moved lower but had an instant reaction after touching demand area and some key fib levels.
Waiting for confirmations on lower timeframes for a potential long trade.