Xa01

Xa01

Megaphone pattern for bearish trend, clear bull reversal on upper trend line. 0.618/0.786 since covid crash are probably the level of reversal for long term investors.

Xa01

USDJPY as the inversely correlated pair with gold is rocketing up to the moon yet we didn't see any movement in gold (probably soon)? RSI creating numbers of lower high and keep stepping down like a staircase. Fundamental wise gold is not really optimistic as treasury yield (US10) rallies the dollar strength. NFP result suspected to be a stop loss hunter or fake...

Xa01

Pivot cross in EMA amd SMA200 lines indicate the revearsal of bearish trend in daily chart. Stochastic should spike up from the bottom and stay above the support. Just normal fib retracement 61.8-78.6. No doubt and let see!

Xa01

Covid conditions in Asia countries are getting control while increasing in vaccination progress. Big player in airlines industry like AirAsia is going to rage back their performance once majority of the population get vaccinated. I see bulls coming in RSI creating higher lows (maybe divergence) and a big gap upside in the chart! Let’s fly!!!

Xa01

Again with the help of news we get this perfect position to further look the bearish trend! Big picture with fibo retracement still going lower and lower~ Cheers to have a great weekend!!!

Xa01

Oh no Delta variant going on in the world affecting UK which traders focused on the Jackson Hole gathering about covid news. There is no first-tier UK data due this week! Gbp reatracing from the drop and now the trend should continues with Fibo 61.8-78.6 retracement. Decending triangle is quite convincing in H4 may drag the price lower to form a double bottoms.

Xa01

After it reverse when reaching EMA 200 in daily chart, it’s on its way to back to meet the upper trendline following the bearish channel. A good bullish engulfing form will takes the price higher before it meet the next key resistance! Current resistance seems weak, will gain more power if stays above this key level.

Xa01

Bullish pennant seems optimistic ↗️ A cross between EMA and SMA 200 was a good signal for the end of bearish trend… Bullish divergence shown in MACD daily provide a good base for more uptrend bias!!