adamnrdn

adamnrdn

The big boys have been buying the pair for the past week and there are still power in the buyers. Sellers entered the market bringing the price down, still unable to make a lower low. With the possible yen news that came out this morning (bearish news), it's possible that the buyers will ramp up and continue buying this pair.

adamnrdn

Looking at a bigger timeframe, the buyers are still in the market. We need sellers to come in the market and gives us liquidity, this is what the small tf traders job are doing, they are shorting the pair because in the smaller tf looks like it's going for a sell. Long until the nearest resistance for scalping.

adamnrdn

The price have been testing the resistance a few days and looking like the sellers are getting interested for a sell. Possibly the sellers will drive the price lower to the nearest support.

adamnrdn Updated 

Then the seller's would be interested! NOTE : My experiemnts ; Are we able to trade just by using SUPPORT AND RESISTANCE and the understanding of BUYERS AND SELLERS ? I'll post my analysis here and see how the market reacts towards SnR and the understanding of buyers and sellers

adamnrdn

We are looking the market from a bigger perspective here. It looks like the big boys are taking profits for the long positions in the market as we can we now XAUUSD is in a consolidation phase. We are looking for a long in gold, possible bearish pullbacks for a few weeks before the bull recovers and continue their uptrend movement. Possible long is at the green...

adamnrdn Updated 

KPOWER dah mula nak dekat dengan highest upper resistance dan fibonacci 2.618 untuk chart pattern falling wedge dan akan buat retracement. Untuk bursa traders, boleh scalp pada support level / demand zone