BIG RED BEAR knocking on your door! 5 High Probability Trades

BIG RED BEAR is back in town and he’s hungry for some pips!

Wave Count is suggesting that the USD could unfold a Bearish Minor 5 (red) leg.
Minute iii (red) started unfolding back on Dec 12th when I called the USD down-trend like a champ with this article: “FED December Rate Hike – DXY Technicals – Elliott Wave Analysis”.

Dollar Index (DXY) is finalizing the entire Corrective Structure which was tracked down in multiple insights:

• “FED Rate – DXY Technicals – Ready for a Bullish Corrective”
• “Dollar Index (DXY) – Bullish Correction – Minute IV”
• “Dollar Weak – Metals Bullish – EUR/USD Bullish”
• “DXY Video – Bearish Minute 5 – End of Down-Trend”
• “Dollar Index (DXY) – Completing the Correction like a Champ”
• “DXY – Bullish Break-Out – Last Push”

Dollar Index (DXY) looks like it’s ready for the next BIG moves.

The Complex Corrective Structure is complete, with the entire WXY Pattern showing a possible Bearish Trend Continuation, the Double Flat seems to complete with an Ending Diagonal and the Bearish Divergence.
In simple terms, the BIG RED BEAR is awake and hibernation is over. He is hungry and “pissed off”.

I am expecting the USD to get trashed for one last time so the entire Bearish Cycle would complete.
This could make a difference and the Swings could be wild and Aggressive.

Dollar Index (DXY) Daily Chart (picture):

Dollar Index (DXY) Daily Interactive Chart:

Dollar Index (DXY) 2H Chart (picture):

Dollar Index (DXY) 2H Interactive Chart:

Trades and Insights:

GOLD (XAU/USD) 2H Chart (picture):

GOLD (XAU/USD) 2H Interactive Chart:

GOLD (XAU/USD) – BUY

• Aggressive Entry @ 1300.00
  SL @ 1280.00
  Targets: 1325.00 / 1340.00 / 1385.00 / 1415.00 / 1435.00 / 1450.00
• Moderate Entry @ 1300.00
  SL @ 1295.00
  Targets: 1325.00 / 1340.00 / 1385.00 / 1415.00 / 1435.00 / 1450.00

SILVER (XAG/USD) 2H Chart (picture):

SILVER (XAG/USD) 2H Interactive Chart:

SILVER (XAG/USD) – BUY

• Aggressive Entry @ 16.15
  SL @ 15.75
• Moderate Entry @ 16.00
  SL @ 15.50
  Targets: 16.80 / 17.20 / 17.60 / 18.00 / 18.50 / 19.20 / 19.60 / 20.00

EUR/USD 2H Chart (picture):

EUR/USD 2H Interactive Chart:

EUR/USD – BUY

• Entry @ 1.2150 (or Market if Aggressive)
• SL @ 1.2000
• Targets: 1.2400 / 1.2650 / 1.2750 / 1.2850 / 1.2950 / 1.3000

*BIG SELL after this Swing.

USD/JPY 2H Chart (picture):

USD/JPY 2H Interactive Chart:

USD/JPY – SELL

• Entry @ 107.50 (or Market if Aggressive)
• SL @ 108.50
• Targets: 106.00 / 105.00 / 104.00 / 103.00

*BIG BUY after this Swing.

USD/CHF 2H Chart (picture):

USD/CHF 2H Interactive Chart:

USD/CHF – SELL

• Aggressive Entry @ 0.9500
  SL @ 0.9600
• Moderate Entry @ 0.9550
  SL @ 0.9675
  Targets: 0.9350 / 0.9200 / 0.9050 / 0.9000

*BIG BUY after this Swing.

Many pips ahead!