edramlan

edramlan

Bitcoin is going higher. The current support is holding with price showing signs that it wants to go higher. Initial target is 43241. Second target is 43358.

edramlan

There is no signal yet for the end of the retracement. Short term target is the 3750-3740 area. Price will likely consolidate a bit in this area. Bullish camp might want to wait for bullish price action in this area before jumping in. Good luck!

edramlan Updated 

FCPO is bullish however whether it will continue bullish will depends on the price action at the start of next week. It might push back towards 3870 area before making another push higher to the 4240 area.

edramlan

KLSE has made a good progress higher. However at this current level there might be a pullback lower towards 1460 area before resuming higher towards 1525 area.

edramlan

BTCUSD is retracing higher possibly towards 44300 area. From this it is expected that it will resuming lower with eventual target of around 32000 area.

edramlan

Expecting the pair to continue higher at least for today. This will help to boost the expansion of the monthly candle as well. There is a lull for the last few days so today might be the day that this pair to make a significant move.

edramlan Updated 

BITCOIN might be heading towards 31000. First stop is 40000 area before moving towards 38000 area. Wait and see price action at 38000 area. The bias is most probably bearish and might be price move toward 32000.

edramlan

Short term FCPO is bullish. The immidiate target is 4043 area. Consolidation is expected and price might move down to 3800 area before resuming higher with a potential target of 4200 area.

edramlan

KLSE is in the nice ascending channel. From the current position the index might push down a bit to 1460 before making a push higher into 1500 area.

edramlan

You might be interested to buy this stock since they won a multibillion project from the government. You frustrated that you didn't get to buy it during it prices at 0.15 area. You are so down and when you see that it's prices is going down during the last week you were thinking that this is the time to buy. Well might want to save your money instead. Technically...

edramlan

The stock might be ready to go up again. As shown in the daily chart attached, there might be an inverted H&S is the work. This is still early days since price is still below the neckline. However technically it is interesting to go long now. Initial target is at 7.60 with potential for it to go a lot higher. fb.com

edramlan

EURCHF to go lower. The pair is confined within a range since Nov-18. The range is more or less about 270 pips in between. Within this range created a descending resistance line and each time it tested the line if failed with a bearish key reversal. Expecting the pair to go lower and eventually break the support line towards 1.1080. fb.com

edramlan Updated 

Why is this so: It has double bottom with bullish divergence. Price penetrated the double bottom neckline and go higher before pulling back. The pullback tested the support/neckline and created a bullish key reversal. Already LONG at 1.5885. Price will probably move higher at least towards resistance at 1.6335. fb.com

edramlan

Why is this so? Price following the double top & bearish divergence pattern. Price re-tested DT neckline but failed with bearish reversal. Combination of inside bar and key reversal usually indicating that price to accelerate lower towards 0.6600. Already sold at 0.6825. fb.com

edramlan Updated 

Why is this so? Some of the reasons was stated in the Dec-13 post. The pair achieved target and make a pullback. A flash moved on Jan-3 make a huge reversal. Price moved lower however failed to continue. Price tested the inverted H&S and closed higher. Price might move higher towards 1.6590 area. Already LONG at 1.6052 fb.com

edramlan Updated 

Why I think it is bearish: The pair seems to have created a head and shoulder pattern. Neckline was penetrated a few days ago with a huge bearish outside key reversal candle. Price retested support and failed with the appearance of a bearish key reversal. Already short the pair at 0.9584. Price might go lower towards 0.9145 area. Happy...

edramlan Updated 

Why it is lower? The pair has been lower since the creation of a double top and bearish divergence since early this year. However after price penetrated the double top neckline, it retested it in May and since then price moved within within a well defined range. Price move into a consolidation since late Oct and created a descending triangle. A few...

edramlan Updated 

EURAUD to go higher? This might be an early call. However the signs that this pair is going higher are: It seems that there is a double bottom at support. Double bottom also shown a bullish divergence from indicator. Potentially the pair is in the process of creating an inverted head and shoulder. Not the usual straight forward inverted head and shoulder...