The price consolidates for the 3rd day as the price continues to retrace. There hasn't been any significant selling and the price has yet to reach any strong supply zone. Therefore, the price is expected to retrace further and climb towards the supply zone near 1.00 which overlaps with a previously broken rising trendline. For intraday trade, traders may consider...
If FTSE rallies to 7210+ , sell for 40pts as FTSE is a bit over bought at the moment.
USD/JPY Daily Triangle + Triangle on Month chart + strong supply zone on confirm triangle.
Daily outlook - EUR/JPY climbs to 129.46 An early hours of Monday’s trading session revealed that the EUR/JPY currency pair has successfully used an upside moment that was created by a release of data on the US CPI last Friday to surge not only to the 129.46 level, but climb even a little bit higher. In theory, the pair has a chance to gain a foothold at...
Note: We are more bearish on this pair now. There is a potential Double Top Setup. Let's see if it is able to break the neck line at 1.312 level Here are 2 trading plans: 1. Short when the price break the neck line powerfully or after breakout followed by pull back. 2. Wait the price correction to the next resistance level at 1.319 level and short again.
Note: From the big picture, we remain bearish on this AUD/USD. There are 3 possible trading plans for this: 1. If the price break the support line at 0.729x level significantly, wait for pullback to short with right risk. 2. If the price continue pullback back. 0.742x level will be next shorting opportunity. 3. if the price correction is way too strong, it...
Note: Congratulation for those who follow our trade last week. If you never move your SL, your trade is in good profit now. We have 2 trading plans here: 1. Watch the next Support Zone near 0.96x level. The price might have either some consolidation or pullback. Wait for right bearish signal to short. 2. If the price pullback again to the 20-EMA, wait for...
Note: Overall, we remain bullish on USD/JPY pair. Now, price having correction to 20-EMA, followed by a bullish signal. It is a Swing Setup, but aware of the immediate strong resistance zone. There are 3 trading plans for this trade: 1. Long now with little risk amount as it is a good swing setup. 2. Wait the price having more correction to the strong support...
Note: Overall, we are bullish on GBP/CHF pair. There is strong pin-bar appeared above the support zone, a good signal that it might go bullish. There are 2 trading plans for this pair: 1. Wait for another bullish signal to long. Or wait for 2nd bullish signal to long it. 2. If the price breaks the support zone. Wait for pullback to the support zone and short!
Note: EUR/JPY follows our prediction previously. Overall, we remain bullish on this pair. We have 2 trading plan for this pair: 1. Long now or zoom into H4 chart to look for pullback and bullish signal to long. 2. We wait for pullback to the support zone again and another strong bullish signal to long with right risk amount.
Note: AUD/CAD is following what we predicted last week and 2 weeks ago. Overall, we are bearish on this pair. We are looking for the price correction/pullback to the resistance zone near 0.977 level and a bearish signal to short with the right risk. It will be a high R/R ratio trade :)
Note: AUD/NZD follows what we predicted last week and previously. Overall, we are bearish on this pair. Here are 2 Trading Plans for this trade: 1. Wait for pullback to the upper line of this downward channel, followed by bearish signal to short with right risk amount. 2. Zoom into H4 or H1 chart and look for pullback to 20 EMA and short with right risk amount.
Note: AUD/CAD is following what we predict last week. Overall, we are bearish on this pair There are 2 plans for this trade: 1. Looking for the price correction/pullback to the support zone near 0.979 level and a bearish signal to short with right risk 2. Zoom into H4 or H1 chart to look for pullback to 20-EMA and short with little risk
Note: -Recently, NZD/USD breaks the upward Trendline -Besides, there is a formation of Lower High- Lower Low-Lower High formation. There are 2 ways to trade this pair: 1. Currently the price goes up and touched the upward Trendline and followed by a bearish bar. It might be a signal to short with high R/R of 1:2. Can enter this trade but only small risk...
Note: USD/JPY has the strongest bullish trend. Now, we see it breaks the resistance zone. Now we have 2 ways to trade it. 1. Wait it pull back to Resistance Zone and wait for another bullish bar to long (right lot size) 2. Wait it pull back to either 20-EMA in H4 chart or H1 chart to long (smaller risk)
Note: Potential Trading in the Range In H4 chart, it is quite bearish recently and GBP/NZD move up and touched the 20-EMA. We see a possibility that the price might drop further to the support zone. If this scenario happen, we will wait another bullish signal around support zone to call for a BUY :) Caution: BOE's official bank rate on Thursday which might...
Finally, GBP/NZD pair breaks the resistance zone strongly. In H4 Chart, there is a corrective pullback sit well on the previsous resistance zone. It will be a great trade to long when there is a strong bullish bar appears as a signal to entry :) It will be a less risk with huge potential return trade :)
We are still bullish for GBP/NZD. After 3 white soldiers, we see a consolidation pattern formed near the support zone. It might accumulating more pressure to break this support zone. Once, the support zone was broken strongly by bullish trend bar. It will be good chance to long. Alternatively, need to wait weak pull back and long again. Trade safely with...