Major USD Pairs Discussion | Daily Market Breakdown

@nsg_usd - 5 hours ago

Quoted - godspowerdan

Setup looks clean

Where's your entry

EURUSD- Had my entry at the 1.1416 Flip zone price level. SL above today's high, First TP is around 1.1380 price region. second TP will be at 1.13246, If price invalidates TP 1 level.

@godspowerdan

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@israeljasspu - 4 hours ago

GBPUSD- I'll be looking out for the retest of this flip zone at 1.3420 for the sell continuations, as price has invalidated the Trend support as I Expected using the Bearish BARR Top Pattern.

Gbp needs to hold this levels

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@nsg_usd - 4 hours ago

Quoted - israeljasspu

Gbp needs to hold this levels

I'm Looking at it.

on GBPUSD-I'm expecting the level to cause a pullback back to 1.3420 price level, before the next sell that will invalidate it.

@israeljasspu

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@godspowerdan - 3 hours ago

Alright. I'm in on AUDUSD- Let's see how it goes.

This is cool

I'll just wait for my own confirmation

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@godspowerdan - 3 hours ago

Alright. It's good to follow your confirmation model. I've executed from my end, let me see how it goes. If it gives me what I want before TP, I'll exit it.

That means your not really after the full tp

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@godspowerdan - 3 hours ago

EURUSD- Had my entry at the 1.1416 Flip zone price level. SL above today's high, First TP is around 1.1380 price region. second TP will be at 1.13246, If price invalidates TP 1 level.

I'm waiting for EURUSD to still go a bit lower for I can find an entry for the sells

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@godspowerdan - 3 hours ago

EURUSD- Had my entry at the 1.1416 Flip zone price level. SL above today's high, First TP is around 1.1380 price region. second TP will be at 1.13246, If price invalidates TP 1 level.

I want to see something like this

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@victordtrader - 3 hours ago

No. I don't think so. Not every movement in USD-related pair is primarily dollar related. AUD is risk-sensitive currency. And as US-Iran conflict is easing up, investors will move back to high yielding assets and currencies like AUD.

Yes, dollar (USD) weakness can contribute, but it's not the primary reason it is buying.

Yes I agree to you bro. Not every moment in USD pairs is primarily dollar related but the USD domainates more in every pairs even Cryptos & Btc.

If the USD is strong expect Bitcoin to fall and other pairs but it wasn't like this before 2020's I mean the crypto market is not always dollar dominated until after 2020's that we started seeing smart money's moved into crypto.

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@nsg_usd - 3 hours ago

Quoted - godspowerdan

That means your not really after the full tp

nope. I'll have to swing if I want to get full TP, but market conditions aren't favorable for swings on this major pairs at the moment. So, I have to be observant and know when to make changes. Except I see reasons to swing it.
I'm having EU and AU running and looking to take another trade to add to them.

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@victordtrader - 3 hours ago

GBPUSD- I'll be looking out for the retest of this flip zone at 1.3420 for the sell continuations, as price has invalidated the Trend support as I Expected using the Bearish BARR Top Pattern.

Valid setup bro, but don't just enter blindly as price may even retest upto the previous high. I would wait to see rejections at this levels first before anything

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@godspowerdan - 3 hours ago

nope. I'll have to swing if I want to get full TP, but market conditions aren't favorable for swings on this major pairs at the moment. So, I have to be observant and know when to make changes. Except I see reasons to swing it.
I'm having EU and AU running and looking to take another trade to add to them.

That's good 😊

We'll meet at tp hit

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@nsg_usd - 3 hours ago

Quoted - victordtrader

Yes I agree to you bro. Not every moment in USD pairs is primarily dollar related but the USD domainates more in every pairs even Cryptos & Btc.

If the USD is strong expect Bitcoin to fall and other pairs but it wasn't like this before 2020's I mean the crypto market is not always dollar dominated until after 2020's that we started seeing smart money's moved into crypto.

Yeah, you're right. That's why most big economies started proposing de-dollarization and switch to relying on their local currencies to boost their economy. but still, there's a touch of USD on every global market trade.

DXY rallied today, and it has affected Gold less only currencies.

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@nsg_usd - 3 hours ago

Quoted - asuquokelvin

Compare the both chart together, vix started falling from 26th June and AUDUSD started buying from 30th June, so what caused it if not fear, the vix is the fear guage and when vix is falling dollar weakness and then strengthen, untill we get to a more risk off environment below 15.0 level aud will still strengthen, and the vix fell from the 23.34 level and it's almost getting to 15 soon and that alone should tell that aud buys won't last for long

So, let me ask, Is the market environment currently Risk-on or Risk-off? Let me understand your fear explanation.

Cause from my POV, Risk-off means "flight to safety" that's when investors panic/fear. but risk-on is when Investors are confident and ready to take more risk(greed).

But it sounds like you're saying risk-off is when investors are confident, and Risk-on is when investors panic.

Also, when VIX falls It means Investors are Confident/greed/Risk-on, not in Fear/Risk-off/panic.

DXY is Bullish, Gold is setting up bullish structures too, BTC has been rallying, these are pointers to a risk-off environment, not risk-on.

Please make me understand if I'm wrong. When do you call market environment risk-on, and when do you call it a Risk-off? cause you're mixing up Fear with Risk-on, When Fear should be Risk-Off.

@asuquokelvin

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@nsg_usd - 2 hours ago

Quoted - godspowerdan

That's good 😊

We'll meet at tp hit

Eventually. 👌
Just hopping AUDUSD will drop, those sells are low probability though.
Still in my entry, that's why I don't like trading this pairs. They can drag eh.

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@nsg_usd - 2 hours ago

Quoted - victordtrader

Valid setup bro, but don't just enter blindly as price may even retest upto the previous high. I would wait to see rejections at this levels first before anything

Thanks for the Heads up. I won't. I'll be following it up tomorrow. I'm not expecting momentum for today again.

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@godspowerdan - 1 hour ago

Eventually. 👌
Just hopping AUDUSD will drop, those sells are low probability though.
Still in my entry, that's why I don't like trading this pairs. They can drag eh.

Just be patient with price, it will sell

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@victordtrader - 1 hour ago