This is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED DAILY with comments and trade ideas.
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In the following analysis, I highlight a possible SHORT scenario in the > XAGUSD <
We focus on the technical KEY points and KEY areas which will be relevant in the next hours & days.
The highlighted scenario is supported by the higher timeframes, which we are ACTIVELY monitoring in an existing post.
This can be found under the following name: "XAG / USD - HTF JOURNAL - WEEKLY SERIES" (Listed under this post at "RELATED IDEAS")
As soon as the temporary direction of the price emerges, I will update the post accordingly, with entries, stop-loss & take-profit levels.
How do I save an idea so that I receive a notification when it’s updated?
MARKED POINTS OF INTENTION (POI)
We are in a superior and inferior downtrend channel, which served as very good resistances in the past.
In most price action indicators, we are in over bought areas (HTF) which will be reflected in price action (ITD) in the near term.
In the smaller timeframes, a divergence is starting to form, which serves as additional confirmation for the trade in all the resistance areas.
In intraday, this calls for a SHORT - SWING - entry, but caution is advised; the price is still not unlikely to break through the levels and continue its rise.
# Positioning after confirmation of this thesis = SHORT
Z - Don't let the noise blind you; recognize its face and use it for yourself - Z
| ZielIstDieAutarkie |
If this idea and explanation have added value to you, I would appreciate a COMMENT or BOOSTvery much.
Thank you and happy trading!
Z
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LEVEL UPDATE
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Tomorrow will be published some USD - NEWS, which will give the market - bias. > Over today, we have seen almost no movement, which confirms the relevance of tomorrow's news. > With high probability, no market movement will happen until the publication.
Caution is advised; with the next NEWS release, the Bearish Divergence could possibly show its effect earlier than originally planned. > Idea will be validated only, after the publication
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USD data released today was NEGATIVE and supports a FALLLENDING DXY. > This takes the selling pressure out of the FX majors and correlated markets. = Should the falling scenario in the DXY be confirmed, one can position oneself LONG - in one's selected pair - until the next NEWS release.
Trade aktif
SHORT POSITION OPENED > First ENTRY = ENTRY 2 > SL = Remains the sam
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LEVEL UPDATE
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! ATTENTION ! > NEWS PUBLICATION IN - 4 HOURS ="ADP Non-Farm Employment Change"< > NEWS PUBLICATION IN - 4 HOURS ="Prelim GDP q/q"<
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SHORT POSITION OPENED > Second ENTRY = ENTRY 3 > SL = Remains the sam
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! ATTENTION ! > NEWS PUBLICATION IN - 5 HOURS ="ADP Non-Farm Employment Change"< > NEWS PUBLICATION IN - 5 HOURS ="Prelim GDP q/q"<
Until the data is released, we can expect SLOW - "Price Action".
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USD data released today was POSITIVE & supportive of a > RISING < DXY!
= This exerts further > SELLING PRESSURE < in the FX majors & correlated markets. = Should the RISING scenario in the DXY be confirmed, one can position oneself SHORT until the next NEWS release (in one's selected pair).
The USD data released today were mostly POSITIVE & support a > RISING < DXY!
= This exerts further > SELLING PRESSURE < in the FX majors & correlated markets. = Should the RISING scenario in the DXY be confirmed, one can position oneself SHORT until the next NEWS release (in one's selected pair).
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The first relevant news will be published on Wednesday, which is why we can assume that the share price will continue in the adopted direction until then. (= SHORT)
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To get an informed idea of what price levels could potentially be reached, I invite you to take a look at the following post. In it, I have marked the prominent key areas and zones of the higher timeframes (HTF) that could be of significant importance in the coming week.
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LEVEL UPDATE
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The "Price Action" was very low during the day, which is why the market hardly moved = the last uploaded levels are still valid until a significant movement.
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Tomorrow we will get the new USD NEWS "ISM Services PMI", so the market will be quieter until the release.
The USD data released today were mostly POSITIVE & support a > RISING < DXY!
= This exerts further > SELLING PRESSURE < in the FX majors & correlated markets. = Should the RISING scenario in the DXY be confirmed, one can position oneself SHORT until the next NEWS release (in one's selected pair).
The USD data released today were mostly POSITIVE & support a > RISING < DXY!
= This exerts further > SELLING PRESSURE < in the FX majors & correlated markets. = Should the RISING scenario in the DXY be confirmed, one can position oneself SHORT until the next NEWS release (in one's selected pair).
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LEVEL UPDATE
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No significant NEWS will be released today, so the "Price Action" will be steady and slow.
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Over the day, there was nearly no movement because of a missing NEWS event. > The weekly Candle will close soon and will tell us the drive plan for the next week.
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On Wednesday, the NEWS (USD) releases start until Friday. > Until then, we can expect a slow "Price Action". > The major market participants will most likely wait for the new data until they actively participate in the market action.
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! CAUTION ADVISED ! > NEWS RELEASE IN 1 HOURS <
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The USD data released today were mostly POSITIVE & support a > RISING < DXY!
= This exerts further > SELLING PRESSURE < in the FX majors & correlated markets. = Should the RISING scenario in the DXY be confirmed, one can position oneself SHORT until the next NEWS release (in one's selected pair).
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! CAUTION ! > NEWS PUBLICATION IN - 15 MINUTES ="Main refinancing rate (EUR)"< > NEWS PUBLICATION IN - 30 MINUTES ="Core PPI m/m (USD)"< > NEWS PUBLICATION IN - 30 MINUTES ="Unemployment Claims (USD)"<
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! CAUTION ! > NEWS PUBLICATION IN - 1.5 HOURS ="Empire State Manufacturing Index"< > NEWS PUBLICATION IN - 3 HOURS ="Prelim UoM Consumer Sentiment<
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To get an informed idea of what price levels could potentially be reached, I invite you to take a look at the following post. In it, I have marked the prominent key areas and zones of the higher timeframes (HTF) that could be of significant importance in the coming week.
The USD data released today turned out NEUTRAL & are thus already priced in the market. = This means that we have to wait for the next "NEWS release" to get a clear direction.
The USD data released today were mostly POSITIVE & support a > RISING < DXY!
= This exerts further > SELLING PRESSURE < in the FX majors & correlated markets. = Should the RISING scenario in the DXY be confirmed, one can position oneself SHORT until the next NEWS release (in one's selected pair).
Unfortunately, I made a mistake and displayed next week's "Dates & News". > the announced appointment has not taken place for this reason and the post before is irrelevant.
| RESULT INFLUENCE | > The published data turned out -:- NEGATIVE -:- for the USD. > This removes, from the FX majors & correlated markets, the selling pressure "TEMPORARY".
* As soon as the weakness in the DXY is confirmed, one can position -:- LONG -:- until the next NEWS release. *
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