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
May 15, 2023
May 15, 2023
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
May 15, 2023
May 15, 2023
May 16, 2023
May 18, 2023
May 18, 2023
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.
May 19, 2023
May 19, 2023
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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.
May 19, 2023
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.
May 19, 2023
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.
May 31, 2023
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EUR/USD
The price moved lower as expected yesterday. Unfortunately lower timeframes did not give us entry confirmation.
Overall price is continuing moving lower with decent bearish momentum after retesting and rejecting daily resistance.
Waiting for a retracement to supply area for potential shorts.
The price moved lower as expected yesterday. Unfortunately lower timeframes did not give us entry confirmation.
Overall price is continuing moving lower with decent bearish momentum after retesting and rejecting daily resistance.
Waiting for a retracement to supply area for potential shorts.
May 31, 2023
May 31, 2023
Forwarded from DovyFX | PREMIUM
USD/JPY
Overall strong bullish momentum across multiple timeframes.
Currently strong rejection to 1H demand and now price is facing distribution supply. If it is able to break above it, it will show that bulls are back in control and I will be looking for a long position.
Overall strong bullish momentum across multiple timeframes.
Currently strong rejection to 1H demand and now price is facing distribution supply. If it is able to break above it, it will show that bulls are back in control and I will be looking for a long position.
May 31, 2023
Forwarded from DovyFX | PREMIUM
XAU/USD
Bullish breakout after rejection from a daily support. With a momentum it had yesterday gold has also broken the resistance (which is support now)
Nice demand level below which had both buyers and sellers in the past.
Looking for a long position from a 0.382/0.5 fib retracement.
Bullish breakout after rejection from a daily support. With a momentum it had yesterday gold has also broken the resistance (which is support now)
Nice demand level below which had both buyers and sellers in the past.
Looking for a long position from a 0.382/0.5 fib retracement.
May 31, 2023
Analysis like this I share in the Premium group daily. 🔔
These insights help people to understand why I take my trades and help them with their own analysis daily. 📈
Also Tuesdays and Thursday live trading/education calls with members.📞
@dovyfx_live_bot
These insights help people to understand why I take my trades and help them with their own analysis daily. 📈
Also Tuesdays and Thursday live trading/education calls with members.📞
@dovyfx_live_bot
May 31, 2023
May 31, 2023
May 31, 2023