Remember My USD/PHP long call on 26 days ago?? Well.. It did play out well.. and Now it is in the uncharted territory, but do not go in with both legs and dive in shorts... BULL presents is still strong... It "seems" lil late to LONG but definitely not for SHORT.. Shorts should only be considered if there more bear candles show up.. Sonic
IMO. it is sitting pretty @ a nice resistance level, and it it time for a nice rebound.. If it fails, the next big level support is 45 area.. where BULLs will put up hell of fight... Sonic
Remember My bearish call on USDMYR on 14 Sept? (See attached link) Well.. I am out by 2 weeks... now it has hit my second TP level of 4.108x.. Next week candle set up will be the important ones.. I expect a pull back is in the card... unless the BEAR are too strong.. Sonic
It is kind of early to call for a short for me...right now.. I am not keen on going long either... Rather waiting for a nice short at this level, to catch a another major sell down or even a pull back.. One thing to notice is, during 20 to 24 Sept, many Long side traders' SL are wipe outed and now a lot of shorts traders are trapped now... Market may go up lil...
Remember the bullish analysis that mentioned the reach of 1953 to 1963 level.. Pls refer to attached link.. Now, it is waiting game... Sonic
Remember the GU analysis,, 3 days ago??? Well.. We are on the way. Tomorrow GBP rate decision will the big event.. Still keep Long minded for now Sonic
G/U is bullish for now... But I expect bear to steps in 1.534 and 1.545x region.. Nice place to Add short there.. We have GBP Official Rate this week.. Sonic
We are currently in the QE4 hopium mode with double bottom 9W) pattern in chart..It is unwise to short for now... But when it approaches back to 1953 to 1963, this is where the short set up may appear... Patience Pay.. I am not a big fan of R:R, but this trade may worth 1:4 ratio... Sonic
We had a nice flipping in Gold, in line with NFP.. (Remember.. Smart Money Often use Big impacts news to run noobs stoploss) I suppose, that now Gold is showing it's real intention.. It is on uptrend as king 1135 and 1125 levels are used as BULLS' base... I forsee 1150-1155 level is on sight.. Sonic
Remember the analysis on 14 Sept. saying that.. this pair will go back to 4.20x level.. and It did,,, I am seeing the USD/MYR weakening has begun.. This pair structure has begun to be in control by BEAR. It may bounce around 4.2x to swap buy pressure for time being,. but eventually it will go back to 4.108x level.. soon... Sonic
Remeber my short call on USD/CAD on 8 Sept.. TP hit.. Later to short.. Early to Long for me..
Remember my previous analysis..It still hold there... Silver is to go back to test 15.20 level.. or beyond... FED rate decision will be the key..
I am seeing the BULL side of this pair has weaken.. It is in line with Malaysian PM talks that he will take measures to shore Malaysia economy. Furthermore.. We have USD FED rate announcement on the end of this week.. I am with BEARs and I see the pairs to hit 4.2xx level pretty soon
Market is in the total swapping mode.. It will break out here and there, but the ultimate one is the next friday(FED rates) Just like others pairs.. Silver is ranging big... See Big red rectangle.. If it breaks up, the next point will be 1 (15.51) and 2 (16.16) region. I will look for Long signal next week.. May the market be with you.. Sonic
It is obvious that all USD pairs are waiting for boom in 18 Sept.. (FED fund rate) I expect EU to go higher by then... 1.1317x 1.145xx 1.16
It is possible that we are seeing Sign Of Weakness, Market is in big range in since 3rd week of Aug.. We had CAD news tomorrow (9/9/15)... Possible Tgts are as seen.. 1.316x and 1.3063x.
Market has showed its true intention on SLV... As long as 14.8x level hold.. I am bullish level toward 15.3x level and beyond.. Sonic
Look like UC is in the a nice plunge.. I am seeing a possible set up with 2.5 to 1 R:R set up.. 1.32x will be nice first tgt... Sonic