Since my last call to short (on my blog and during my events), the STI has fallen about 5.5%, and has corrected 13.3% from the highs. This is the reason why I am bearish on Singapore stocks and have liquidated my portfolio a long time ago to focus on the US markets. I have a feeling price will continue falling until the 3000 support level. I will be watching to...
After a prolonged downtrend, Gold is still bearish and looks to be heading down for another leg. I have taken a low-risk short expecting a short-term bearish move to the next support level. As the trend is already very extended, I am not looking for a large move, and I am ready to get out once the momentum changes or once price reaches the next level of support.
A clear break-down of why my higher time frame bias on BTCUSD is bullish and what needs to happen for me to re-evaluate that bias. I'm showing the Daily and intraday price structures I'm looking at to trade. I hope you all can take something useful away from this analysis. --- TL;DR Bullish above 6600, looking for longs on retraces. First real evaluation of...
The D chart of EUR/USD has formed FULL ELLIOT wave pattern. The pair is currently making corrective waves in super cycle as well as cycle. More likely 'B' corrective wave will take the support at critical zone and then would move up again for the 'c' corrective wave. If the critical support broken, then there will be chance of flat correction waves as...
Hello everyone, After a week with the euro on the rise, we see here, from a technical point of view, a retest in the symmetrical triangle that alerted us to a possible sale that later came to be realized. Now opens up a new opportunity with a good risk-reward risk. So we could almost enter immediately on this trade. With this retest on the symmetrical triangle...
Hello everyone, On this short-term trade, I bring my technical analysis on the Australian Dollar|USD pair. The asset as break this symmetrical triangle chart pattern downwards and with a stronger dollar momentum, I’m personally looking to sell the asset on this correction thinking that the price as room to fall until the 0.71 level, on a Daily Timeframe. But...
Hello everyone, On this short-term trade, I bring my technical analysis on the EURUSD pair. After a week that provided us with a good selling opportunity the pair as entered in a corrective move. I believed that the price will eventually touch but not break the 1.1460 level which represents an area where the price as some complications moving down. The asset...
As price loosing bearish momentum on demand zone. Its better to wait for confirmation signal to go long.
As we can see, the price is creating higher highs, so our goal is to look for long entries, taking advantage of the strong dollar momentum . For this, we can either wait for the price to finish correcting and reach a good confluence area or enter long with a much poor R|R ratio. Once this process is finished, we can enter long after a break of the counter...
As we have already noticed the US Dollar/Swiss Franc pair is highly anti-correlated with the Euro/US Dollar So in this asset what we have is like a Eur/Usd UpSide Down. Creating the symmetrical triangle we saw last week on the Eur/Usd. We should look for long trades after a small correction on the 1h timeframe. As the dollar rises against all major currencies...
As we discussed earlier, Dollar has completed the formation of triangle ABCDE corrective wave . It can be also interpreted as a Ascending triangle pattern which is a continuation pattern. Hence , we expect the pair to make a upper side breakout and hovering for the fifth Elliot wave from now.
This pair might opt to drop a lil bit to complete the other shoulder before it heads up, for those with healthy accounts they can buy it now, the SL will be below the Head anyways,
Price just rejected resistance between 0.745 - 0.742 and make pin bar on H4 chart. There is also 0.236 fibo retracement. Aussie is on bearish chanel from January in my opinion this down trend will not stop untill the price reach support on 0.72. I decide to go short now. R/r = 1:1.3 Entry: 0.7384 SL:0.752 TP:0.72
last week EJ made a strong supply zone and break support wait for price to comeback to the supply zone to short fundamentally BOJ are having second thoughts on their policy ( which may make investor turn eyes on jpy again ) EUR - investors lost trust on ecb after their recent news PS: i dont take trade based on fundamental news , however just by knowing whats...
Hello everyone, On this short term trade I bring my technical analysis on the GBPUSD pair. The asset as break the ascending trend line downwards and with a stronger dollar momentum I’m personally looking to sell the asset on this correction thinking that the price as more room to fall until the 1.3060 level. Key Note: Using the anti correlation formula we...
We are expecting this pair to fall following rising flag or bearish flag pattern There are 2 things expected when the pair reaches 0.7470 1. A rejection that will form double bottom targeting 0.7860 2. A break down satisfying the bearish flag fall targeting 0.7230 CHECKOUT AND LIKE OUR FB PAGE facebook.com
We have seen a EURUSD going up for long, it got rejected up to the neckline level, and when it was suppose to be rejected on the shoulder level it went though up, creating a head, it went back to the neckline, now we should be completing a shoulder then we go down for days!!