Drive16sg

Drive16sg

Hello Traders, New month, new High, New range to play with. 4h Trend is Bullish POI - 2032/2037 We have fresh demand that is not mitigated yet. Range 2016/2022 Keep it simple, Direction towards the current high.

Drive16sg

Hi Traders, For Dixie, I see that price may continue down the bearish trend. With 2 strong high can be seen on the 6h chart. A reversal have been confirmed. I will be looking for price to retest the 0.618 fib level again. That area is also strong supply area. We ended on Friday consolidating in the Thursday 7pm candle. As for this coming week, I would like to...

Drive16sg

Hi Traders, What a week for the Gold traders was. Let us look how it went. Monday We open at1925. Sideways during the asian session open. Tested the supply area near to the London session. Created a support area at 1920. Tested again the supply area before start making the first BOS downwards of the week. Sideways till close. Tuesday Open at 1915. Had a...

Drive16sg

Hi Traders, Lets look how the Dow Jones play out this week. Monday We open at 34639 area. Sideway for almost the whole day making the strongest move after NYSE open, peeking through the previous key level resistance 34693. Tuesday Price open similar level as Monday. Maintaining sideways till London Session. Tested again the 35693 Resistance before make a...

Drive16sg

Hi Traders, Let's look back to see how gold did for this week. Monday It open at 1923. Reached a Resistance level close to London Session open. Came back to 1923 before US session. A reversal happen after NYSE open pushing price to do a Break of Structure at 1930 resistance. Tuesday Price was ranging. Made 2 new Higher High. The previous Resistance...

Drive16sg

Hi Traders, A look back to how WTI did last week. Monday Sideways for during asian session, A test on the 87.5 Resistance before sideway again. Tuesday A Bullish engulfing appeared which started a rally. Break the 87.5 Resistance during London session, resting only when US open. Wednesday Sideways on the early hours. London session pushes the price down...

Drive16sg

Hi Traders, Let's look back to what this precious metal did last week. Monday It started out at the 1930. Sideways till NY Session open before making a break down to the 1923 area. Tuesday It made an attempt to rally but failed to make a clean break above. It went down instead breaking the 1915 area right before the US session. Wednesday Price continued...

Drive16sg

Hi Traders, Eurjpy had been in downtrend. We would like to continue following the trend. We will be looking for sells targeting 0.5 fib level measuring from the current low. Our target area will be 153.5. If price breaks our bullish trendline, it will be our first signal to look for sell. Look for clear and obvious confirmations. Our stoploss will be above...

Drive16sg

Hi Traders, We are in bearish trend on the 4hr chart. We are looking for a possibility to go short on EU. Price had been breaking lows day after day. An entry closer to the current Strong High will be nice, targeting Price at 1.10300 which is a breakout and Pull back area. Stoploss above the strong high should be a safe level. We are looking at USD to be...

Drive16sg

Hi Traders, We are looking for the possibility for price to continue its rally breaking the current high. This rally started from 28th June bouncing off a major low creating a pattern similar to a triple bottom. Our Target: 78.9 We spot there is a Daily Support become Resistance level at that area. We will watch for a reaction in that area. Follow us and...

Drive16sg

Hi Traders, We would like to see DXY to continue its rally. Pushing back up above 101.5 which is also the 0.5 Level of our Fibonacci. We expect to see that price will respect the bullish trendline. If broken, this plan will not be valid. A first sign that DXY will continue its downtrend. As usual, We use DXY as an indicator on USD strength. We have the Feds...

Drive16sg

Hi Traders, We have 2 zones to look for longs in UJ. We are expecting a move up from these zones. Watch for a trend change in the lower timeframes as confirmations. Alerts on - Price 141.865 - Recent Strong Low We have set alerts on the above. Our target will be 143.571. Follow us and hit the Boost if you like our charts. Thank you and trade safe. 👍

Drive16sg

Hi Traders, We would be waiting for price to drop down below 50%. Once in discount area, We will be watching for price to make a rally up. Our area of interest will be the green zone. Look for confirmation in the lower timeframes. If zone is broken, this idea will no longer be valid. Trading is waiting game. We also expect USD to gain strength. Set alert on ...

Drive16sg

Hi Traders, A possibility to look for buys when Price is the fib zone. Look for confirmation in the lower timeframes. I have set alerts on the bearish Trendline and at entry price of the zone. I will be targeting price to rally up to $1.09705. Trade safe and always practice good risk management. Let's wait and see. Have a good weekend! Follow me and hit the...

Drive16sg

Hi Traders, A possibility for Dxy to continue its down trend to the 101.93 which is also my demand area. Price have broken my bullish trendline as a sign of bearishness. I have alerts on the previous break out area and the Main bearish trendline. As usual, I use Dxy only as a confluence to help me plan my entries with USD Pairs. if DXY drops, I will be looking...

Drive16sg

Hi Traders, A possibility to Long EU from the 'area to watch'. Watch for confirmation in the lower timeframes. I would target the current high area which is $1.07868 area. Set Alerts at the zone. Trade safe and always practice good risk management. Let's wait and see. Have a good weekend! Follow me and hit the Boost if you like my charts. Thank you. 👍

Drive16sg

Hi Traders, A possibility to look for when price reaches my demand level. $0.90395 is where i will set my alert. Price also had tested my supply level several times. I will wait for a reaction in the fresh demand level on the lower Timeframes. Stoploss will be below $0.90181 if there is an entry. My Target will be $0.91200 area. Entry Range: > $0.90395 Target...

Drive16sg Updated 

Hi Traders, A possibility for AU to continue to drop lower. I will be waiting for entry the fib level area which in between the 0.66566 - 0.66689. Stoploss above the High will be around 20 pips. My Target will be the 0.65738 area with a RR 4 to 4.5. Set your alerts up at those levels. Watch for rejection or Trendlines breaks on lower timeframes. Entry Price:...