khng_444

khng_444 Updated 

I am continue to be bearish with this pair, mainly for a few reasons: 1) The weekly candle ended bearishly 2) Price is forming lower high and low on the daily TF 3) Price is forming a rounding top (a pattern for trend reversal) 4) In the 4 hour TF, for every few bull candles, there will be a big bear candle 5) Price ended below intraday control 6) COT data is...

khng_444 Updated 

With 1.066 being a good support, confluence with price respecting the 200 EMA, I will take a long in this pair for the short term.

khng_444 Updated 

Nice analysis last week but I missed the trade. Price is now returning to a strong support where it is a congested zone with overlapping of 2 trench and 2 high volume candles supporting. As usual, I am bullish as long as 1.6256 is not broken. I will long only on a bullish signal at 1.6378 or 1.6256 (just a possible scenario: price temporarily hits below 1.6378 but...

khng_444 Updated 

Trench is being broken into and is a nice area to short for Low risk entry. The POC level at 16.45 can provide a good resistance.

khng_444 Updated 

Bullish engulfing candle on the Weekly TF and it will very likely that this week will end with another bullish candle. I will be buying on retrace at POC.

khng_444 Updated 

Price is ranging between 2 trenches and is reaching back to the trench above. With price being rejected off the top trench and respecting 200 EMA (mentioned last week), I will look for a short term short of around 70 pips. I think with NZD news next week, price can still go further down but I will focus more on other pairs instead as both NZD and CAD are consider...

khng_444 Updated 

I am only slightly bullish due to the bearish candle on the daily TF. What I am bullish about is that in the 4 hr TF, price cannot break below the Intraday control, which meant there is possibility of rejection at this area. I will take a wait and see approach and wait for price to clearly break into trench first before I take a long.

khng_444 Updated 

I am bullish, but I think with market's behaviour, price will retrace first to take people out. So I will not be surprised if price were to make a sudden drop to 1.641 or even 1.632 before launching. To take note of this with USDCAD too.

khng_444

Another trade that did not trigger my limit, but nevertheless nice analysis last week. Meanwhile, I am slightly bullish on this pair, similar with GBPAUD. With Friday making a full blown bearish candle, I am expecting price to break out of this current trench. However, there is a nice support around 1.706 region where price can be supported by 3 high volume...

khng_444

Price ended with bearishly on the daily TF, but we have support coming in at 1.1715 and a stronger support at 1.165 from the overlapping of 2 high volume candles (dark blue rectangle), which is why I am slightly bearish. I am only very bearish if price is able to break this support strongly. Looking at the 4-hr TF, we can see that price closed way below the...

khng_444

As seen on the 4-hr TF, there is a nice Clusters of ICs at 0.8938 which can hold as a good support. If price were to retrace here, I shall take a long trade if price is able to retrace here.

khng_444

The week ended with a bearish engulfing candle on Friday with price closing below the intraday control. Price seems to also be respecting the trendline, forming a lower top. However I am only slightly bearish due to the fact there was 6 straight days of bullishness.

khng_444 Updated 

Price is nicely rejected off the trench but reaching a Cluster of ICs (COCs). The intraday control is also at the bottom of the candle, which means there is a lot of fighting at this price. I will not be surprised if price if being rejected, therefore I will have a short entry at near the top of the trench for a good LRE where it confluences with the POE and a...

khng_444

I'm starting to be bullishly bias on this pair the moment. 1.242 is a nice support and as long as it is holding, I will remain bullish. Will wait and see how the weekly candle ends.

khng_444

I am slightly bearish as long as 0.7558 holds. Price now at no man land, therefore will be better to short if price retraces. Few COC levels acting at support, therefore got to be careful at these levels (0.743, 0.7344, 0.7285).

khng_444 Updated 

I am bullish on this pair as long as the POE at 1.548 holds. Price has broken past 200 EMA and respecting it as seen on 13 July. At the moment, price is ranging between 2 POCs. I believe there will be a breakout soon. 1.55884 is a nice support while 1.567 is proofing to be a strong resistance.

khng_444 Updated 

I am bullish on this pair for several reason. - Price bounced off the 200 EMA with a pin bar and followed up with a bull candle on the daily TF with decent volumes - Double pin bar on the weekly TF with decent volumes - COT data is bear-bias for AUD futures. However, price is at POC where some fighting between the bulls and bears will be on going. Therefore I...

khng_444

Price reached and was rejected by a major resistance @0.7784 (using weekly TF) and will be looking for a short opportunity if price is able to break into (yellow) trench. If price is to break past the resistance and off the trench, then I will long it to 0.7954.