BoonHooi

BoonHooi

Hi everyone If you have been following me for awhile, you will probably know that I trade mainly the currency pairs, occasionally gold, silver, oil and the Indices. I have traded BTC only once ever ever ever in my trading life. It was a winning one too :) (See related post attached) - just realised it was more than a year ago However I see an opportunity coming...

BoonHooi

Bearish Bat completed, looking to take a short trade on this pair

BoonHooi

Bat pattern completed - looking to go long on this pair

BoonHooi

NI225 gapped up in the morning to complete the Bat pattern. This will be inline with the potential bearish views on the Dax too

BoonHooi

Is there something brewing in Europe, particularly in Germany ? Spotted a completed Bearish Shark pattern on the H4 and now a Bearish Butterfly pattern on the H1. Let's monitor and see how the markets open next week.

BoonHooi Updated 

The Crab pattern completed about a week ago and now price is back at the PRZ again. I like that there is a current falling wedge forming at support too.

BoonHooi Updated 

Pattern to complete lower. Will be watching out for this trade

BoonHooi

If you missed the earlier short trade, possible for an entry on a smaller pattern

BoonHooi

I believe that the recent rally is coming to an end. Getting ready to go short on this pair

BoonHooi

Spotted a Shark Pattern completing lower at around the 0.7062/78 levels This downside potential to the AUDUSD this coming week is in line with the Risk Off scenario as the S&P is seen to be breaking and closing below the support Trend Line

BoonHooi

On Friday, the stock market opened with a gap down and continued to see down pressure the whole day to close lower. It actually closed below the Trend Line support and we could potentially see more downside early next week. Analysing this S&P chart, I see potential risk off for the coming trading week. Let's analyse other currency pairs to see if this support...

BoonHooi

However, our warning signs are showing us to hold on and not engage yet. Will wait for price to stabalised at hopefully 1.51 levels before taking the short

BoonHooi Updated 

We could look to potentially go long if there is a reversal candle + confirmation. This long trade on gold could be in line with the risk off scenario where we see the stock market comes crashing down

BoonHooi

I will be watching this closely. Pattern only completing higher

BoonHooi

Dear traders, Please take precautions in your trading in the coming weeks of trading. I see a strong indication that the exhaustion is here. Have a look at the weekly charts of the S&P It is clearly showing a bearish divergence, indicating that the up move is exhausted I am expecting it to potentially reach the 2877 horizontal level or even the support trend...

BoonHooi

NZDCHF completed the bearish Bat pattern. Looking to see if the price retest the sell zone to consider a short

BoonHooi

BABA completed the Bullish Crab Pattern. If you were following my earlier post on BABA (see related posts below), you would know that I shorted this at the support turned resistance levels. Just closed that trade at the completion of the Bullish Pattern Now I would see how the market opens tonight, see if there is opportunities to go long on this Could this be...

BoonHooi Updated 

Pattern completed for us to consider a short trade.