wookyu2001

wookyu2001

Potential buy setup. USD/MXN is a high volatile pair so manage risks!

wookyu2001

CAD/JPY has been in an uptrend since the beginning of the year, respecting the blue trend line . Since the beginning of the month the price has been following the green channel within the Blue Trend line . The price has rejected a key resistance area and i expect a correction of the price to happen reaching the bottom green trend line . This is shown by...

wookyu2001

EUR/USD has been in an uptrend since last May. Previously it had formed a bearish flag that continued the uptrend . Currently I see another possible bearish flag forming that could once again indicate a big buy that is about to happen. The price is currently touching the bottom trend line which indicates a reversal to continue the bearish flag, and...

wookyu2001

GBP/USD has been in an uptrend for a long period of time, and it has managed to break the 1.40 level . However the price failed to break the 1.41 price level and has rejected it potentially indicating a reversal . Adding on to the confluence I see a Head and shoulders pattern that has successfully formed which also suggests a potential reversal to happen .

wookyu2001

Gold has been in a downtrend since last June, following the red descending channel . Within the channel gold had been following the green trend line since the beginning of the year . Currently it has broken this trend line and has successfully retested on it confirming the trend line breakout [ /b]. Therefore I expect Gold to sell until it reaches the...

wookyu2001

EUR/NZD has been in a downtrend since last October, respecting the Green Trend line . I expect the price to continue to respect the trend line and sell until it reaches the key support level or until its previous lows . This expected movement of the price is shown by the Orange path drawn .

wookyu2001

CHF/JPY has been in a ranging market structure since last December , failing to breakout if this market structure. I expect the pair to fail in breaking above the key resistance area and sell until it reaches the important yellow support area . Therefore continuing with the ranging market structure . Adding on to the confluence , I see a potential double...

wookyu2001

USD/JPY has been in an uptrend respecting the green ascending channel . In my previous analysis i expected the price to buy until it reaches the upper trend line continuing the ascending channel, which followed the analysis and reached tp. I expect the USD/JPY to undergo retracement and expect the price to sell until it reaches the bottom trend line , thus ...

wookyu2001

EUR/GBP has been following the descending channel since the beginning of the year. The pair managed to retest back to the weekly resistance area . If it manages to break this area which indicates the break of the channel, i expect the pair to buy until it reached the next resistance area . If it fails to break this area , then I expect the pair to...

wookyu2001

EUR/CAD has been in a descending channel since the beginning of the month. The pair managed to break the channel and retested on it ( Trend line breakout ) I expect EUR/CAD to buy until it reaches the red daily trend line .

wookyu2001

AUD/JPY has failed to break the key resistance area and has managed to retest back to the trend line that it has been following. I will be keeping an eye on this pair: If the price bounces off this trend line i expect the price to buy until the previous high in attempt to once again try and break this area . This is shown by the grey path drawn . If the...

wookyu2001

EUR/CAD is in a Downtrend, following the descending channel . The price has successfully completed the retracement move, the price is now intersecting the upper trend line . I expect the price to sell until it reaches the bottom trend line , continuing the descending channel that is has been following. The expected movement of the price is shown by the...

wookyu2001

AUD/JPY is an uptrend , and has repeated the bullish flag pattern for the 7th consecutive time . I expect AUD/JPY to potentially form another bullish flag pattern , continuing the uptrend . I would enter after the successful retest of the flag after the breakout to confirm the pattern and its move. The expected movement of the price is drawn by the grey path

wookyu2001 Updated 

AUD/USD has been in a ascending channel , respecting both the green trend lines. In the 4 Hour time frame I can see an inverted Head and Shoulder that has formed in the key resistance area . This indicates that the price will increase. I expect the price to retest on the yellow resistance area, then continue its uptrend whilst respecting the the channel .

wookyu2001

GBP/NZD has been in an uptrend , r especting the ascending channel since the beginning of the year Currently the price is almost touching the bottom trend line ( retracement ). I expect the price to show a reversal , with the buyers taking control of the market, increasing the price and continuing the ascending channel . I will wait for a clear rejection...

wookyu2001 Updated 

EUR/CAD has been in a descending channel since the beginning of the month, respecting the green trend lines . With the Fibonacci retracing tool i can see that the 0.618 level is close to the upper green trend line which could suggest a reversal to occur there. I expect the price to retest the 0.618 level or the upper green trend line and price to reverse...

wookyu2001 Updated 

AUD/JPY is in an uptrend since the beginning of the year . It has been repeating the bullish flag pattern indicating the continuation of the uptrend. I can see that another potential bullish flag pattern forming , suggesting a strong bullish move that's going to happen . I will wait for the breakout of the flag and enter after the retest of this flag to...

wookyu2001 Updated 

USD/JPY has been in an uptrend respecting the green trend line . By using the Fibonacci retracement indicator , I can see that the price has retested the 0.618 fib level which indicates the continuation of the uptrend . I expect the price to increase until it reaches the yellow resistance level and will wait to see if it manages to break it and continue...