des_kkeng

des_kkeng Updated 

Major Resistance ahead at around 34,000, with solid bearish momentum, the short setup is very clear, entry at classic 0.618 retracement, potential target 32,400 Chart is telling: 1. Major Resistance around 34,000 2. Solid bearish momentum If the order get trigger, I'll set break-even for the order at range bottom around 33,400

des_kkeng Updated 

Gold stop loss hunted many buyers at 1680, then followed by bullish movement last week to indicate that the bear is taking a break. the retracement from 1730 looks weak, which to me is a good sign to plan a buy trade. the chart is telling: 1. strong bullish movement since last Wednesday broke bearish structure 2. 1680 is the important price level which market has...

des_kkeng Updated 

Silver is at important S&R zone, bullish momentum labeled in chart indicates market reacted to this S&R by given a strong bullish push. in smaller timeframe the structure is still bearish, unless the price breaks bear's structure 19.4 firmly to indicate reversal, but I'll make an early entry with current setup because the R&R is attractive. chart is telling: 1....

des_kkeng Updated 

GBPUSD is trending up since end of sept, the retracement began last Wednesday all they way down to 0.618 support zone. Yesterday there was stop loss hunting at US session, the price strike previous high then pulled up, I'll place a buy order according to the information that market gave. chart is telling: 1. Bullish momentum overtakes bearish 2. clear support...

des_kkeng Updated 

Natural Gas is at daily support & resistance zone. I spotted a buying opportunity with high potential RR. chart is telling: 1. at important S&R 2. bear is fading 3. HL since last Wednesday 4. latest bear fulfilled 1:1 5. potential SL hunting @ 6.48 6. potential SL hunting above 7.1 Entry: 6.421 SL: swing low 6.3 Target: I'll take partial profit at 6.7 and set...

des_kkeng Updated 

Since ETH hit $800 and rebounce, $1300 is a break up zone. The bull momentum is weaker than the bear momentum, it's consolidating now, but the bear momentum shows sign of fading, I'll try the buy with smaller bet size because the risk of false break down to kill all buyers before it goes up is still there. The better long opportunity is wait for the false break...

des_kkeng Updated 

Gold is at important support zone in bigger timeframe, I've already holding a long position, however in intraday trading there's a short selling setup that I'd like to trade as well. Both Long and Short orders are independent to me. In 15 minutes chart there was a reversal rejection last night, and up trend's 0.618 support zone is still slightly lower The chart...

des_kkeng Updated 

GBPUSD in bigger timeframe bullish momentum broke the bearish structure, the retracement is yet reaching an ideal level (0.618 of bullish wave), however it already SL hunt and pull up. I'll treat this order as bear's retracement, target around 1.1146 to 1.1186 the chart is telling: 1. Bigger timeframe bull overtakes bear 2. Small timeframe stop loss hunted with...

des_kkeng Updated 

EURUSD is very obvious downtrend in bigger timeframe, it's approaching a resonance price level: 1. 0.618 of latest down wave 2. break down zone 3. 1.618 of latest uptrend (retracement?) 4. the latest retracement wave looks like a classic elliott wave, i'm expecting last bullish push (wave 5) 5. there's a flat bottom (plenty of stop order there ?) it's tuesday...

des_kkeng Updated 

EURAUD is ranging in daily timeframe between 1.53 and 1.42 The latest bull run looks exhausted ends with a false break in smaller timeframe, follow by a small range (in my understanding it may could be a distribution) then bearish momentum. the story happen at an important price level: 1. important support & resistance interchange price zone in daily chart 2. in...