Johnny_Yu

Johnny_Yu Updated 

REASONS TO SHORT: 1.THE BIG DAILY CHART V-PATTERN STARTED FROM LAST DEC. 224% OF XY WHICH IS 2193 HAS ALREADY ACHIEVED. PULLBACK IS EXPECTED. 2.RSI DIVERGENCE APPEARS ENTRY AREA: 2185-2195 T1: 38.2% 2115 T2: 50% 2091 T3: 61.8% 2069

Johnny_Yu

this is probably too late to trade the pair as it moved down quite a lot since last friday. It is a typical case for the 88.6 retest model. expecting price to go further to 0.7572(38.2%) or 0.7410(61.8%).

Johnny_Yu

So far, the Pattern seems good. The long tail candle formed on the friday indicated buying pressure below 1.3025. I am planning to long it when it comes back to 1.3000, SL is around 1.2965. selling pressure may come around 1.3325 as it is fresh to retest. We may choose to close partial position and move sl to be and let the profit run. The profit margin is good.

Johnny_Yu

Reasons to short: 1. nice structure with qualified candle patterns 2. 61.8% fib retracement 3. Daily downtrend, seller are still in charge Target 40.10 Profit margin above 5

Johnny_Yu Updated 

Reasons are as follows: Daily 61.8% retracement Nice M pattern to short when retest 0.7588 to 0.7605 Target: 0.7503 with good profit margin

Johnny_Yu Updated 

Finally, after days of moving within the range btw 2058 and 2075, the price broke the range. Don't rush to long the index, I recommend patiently waiting for pull back to area around 2075. I would change my trading timeframe to 15 minutes to look for entry confirmation. RSI should be btw 40 and 60 to place the order then. Target: 2088 entry area:...

Johnny_Yu

My previous projection failed as S&P did not go to 2188,but bounce back from Asian session highs of yesterday. As I mentioned, RSI is below 40 when retesting the area. so I did not enter the trade. Reason to long S&P around 2158-2160: 1.hourly AB=CD 2. previous range lows waiting to be retested(it's fresh) Target=estimated 61.8% retracement of projected CD(...

Johnny_Yu

1. BUYER MAY TAKE A REST AFTER RECENT RALLIES; 2. PRICE MAY DROP TO 2133 IF IT CAN NOT CREAT A HIGHER HIGH 3. PAY ATTENTION TO THE AREA 2154-2155.6, IF THE SECOND TRY FAILS, IT WILL SOON DROP THE BOTTOM OF THE RANGE 2146 WHICH I MARKED BEAR TRAP 4. PRICE MAY DROP FURTHER TO 2133-34 BY MEASURING THE HIGH AND LOW OF THE RANGE(2146-2158) 5. NORMALLY, PRICE WOULD...

Johnny_Yu

1. AFTER RAPID REBOUND, SELLERS MAY COME BACK AGAIN TO TAKE OVER THE MARKET 2.78.6% OF XA IS AROUND 2100 WHICH IS PROBABLY A GOOD ENTRY TO SHORT 3. POTENTIAL PROFIT MARGIN IS GOOD ENTRY IS DEPENDING ON THE ARRIVAL PATTERN, PERSONALLY, PREFER TO 1-2 BIG CANDLES INSTEAD OF SEVERAL SMALLER ONES.

Johnny_Yu

PRICE IS LIKELY TO BREAK THE WEDGE AT 7TH TOUCH, AND WE CAN TAKE THE TRADE TO SHORT IT WHEN IT COMES BACK TO RETEST THE BOTTOM OF THE WEDGE. IF PRICE CHOOSES TO GO UP, WAITING FOR PULL BACK TO LONG IT WHEN RETESTING THE UPPER WEDGE.

Johnny_Yu

ENTRY =0.7428-0.7441 STOP=0.7446 T1=0.7379 T2=0.7310

Johnny_Yu Updated 

REASONS ARE MENTIONED ABOVE. ENTRY= 1.3251-1.3238 STOP=1.3234 EXIT=1.3444-1.3474 WE MAY SEEK TO SHORT AGAIN IN THE EXIT AREA.

Johnny_Yu

1. PERFECT MATCHED THE PATTERN, PRICE REACHED 161.8 XY, i AM LOOKING TO SHORT AT T2 2. V-PATTERN IS VERY LIKELY TO BE FOLLOWED BY REVERSAL PATTERN. 3. POTENTIAL EXIT AREA IS MY "BULL TRAP AREA" AROUND 45.97-45.82 4. EXPECTING PRICE TO MOVE UP AGAIN AFTER TOUCHING THE AREA

Johnny_Yu Updated 

1. THE SO CALLED FIRST ROUND IS OVER. 2. MORE SELLER MAY JOIN THE MARKET TODAY 3. WAITING FOR THE 38.2% OR 61.8% PULLBACK TO SELL. 4. NICE STRUCTURE FOUND IN THE 5-MIN(38.2% OF AB) AND 15-MIN(61.8% OF AB) 5. CONFIRMATION ENTRY(CANDLE PATTERNS OR PIN BAR TO CONFIRM ENTRY)

Johnny_Yu

REASON ARE MENTIONED IN THE IMAGE. IT'S KIND OF COUNTER TREND TRADE. PLEASE MANAGE THE RISK ACCORDINGLY. PROFIT MARGIN >3.

Johnny_Yu

Seeking reversal pattern after the continuous drop

Johnny_Yu

V long reversal pattern is expected for AUDUSD, the trading TF is 15 min, 89 or 8ma may provide a better opportunity to long the pair.