dhng88

dhng88 Updated 

OANDA:XAUUSD Head and shoulder have formed using 4H chart. It is time for me to short it and set a stop lose to protect my capital. Happy Trading.

dhng88 Updated 

FX:USDOLLAR Monthly Chart: Weekly Chart: Daily Chart: USDOLLAR price action has been dropping since Q4 2022. It has reached the first support zone on monthly chart. I am waiting for the price to consolidate further and determine the direction.

dhng88

20230109: Short Term and Long Term Trend for FX:USDCHF . Weekly Chart: Daily Chart: 4H Chart: The price action of USDCHF is dropping after the NFP report last Friday. The chart shows that the price action is still at the uptrend. It is currently looking for a landing that could stop her from moving lower.

dhng88

FX:USDCHF Monthly Chart: Weekly Chart: Daily Chart: Yesterday, USD surged, and everyone was thinking to buying it. A lot of people thought that the price will go up. I am sitting on the sideline to observe the market. It is to let the price action tell me what is more favorable to them.

dhng88

20221215 Currently is downtrend. The price action is forming a descending triangle. The price is expected to: i. move within the descending triangle. ii. or drop further until reaching the 0.618 or 0.5 Fibonacci retracement.

dhng88

20221215 Currently is downtrend. The price action is forming a descending triangle. The price is expected to: i. move within the descending triangle. ii. or drop further until reaching the 0.618 or 0.5 Fibonacci retracement.

dhng88

20221215 Overall trend is bullish as long as the price does not go beyond the pink zone. That pink zone is the strong support over the past few years. FX:USDCHF Wait for the daily and 4H price action to consolidate and moving up.

dhng88

Monthly Chart: Weekly Chart: Daily Chart: 4H Chart: Long term is bullish. Short term maybe consolidating or downtrend. Before another bullish, the chart will need to show inverse head and shoulder. Let's wait at the support zone to setup bullish trade. To earn money consistently from the market, you will need to trade only when the chart showing...

dhng88

Monthly Chart: Weekly Chart: Daily Chart: 4H Chart: USD is hitting the monthly resistance zone and you can plan for buying it for rebound. Before trading, identify and setup a trading plan for the time frame that you are comfortable with. Imagine how the price action may perform next week and if the price act as you have planned, execute it with...

dhng88

Monthly Chart: Weekly Chart: Daily Chart: 4H Chart: 1H Chart: Overall bullish is still intact. However, before trading this currency pair, you will need to define the time frame that you're planning to trade. From the monthly chart to daily chart, this is the resistance zone. Thus, a fall is expected. It is better to wait for confirmation...

dhng88

Daily Chart: 4H Chart: 1H Chart: Last week, it was an opportunity for me to enter and set up a trade. But I did not set it up. Wasted the opportunity. One thing I learned is about time frame reference. Before entering a trade, we need to identify the time frame that we want to refer to and stay with it. We shall not change it as it will distrub our trading...

dhng88

4H chart: This chart is showing that there is a strong resistance and moving up. Let's enter a small position to try it out.

dhng88

Daily chart: Lower high has been formed, but the bullish seems not very strong. Need to wait and observe. 4H chart: Lower high has been formed, but shorter time frame shows that the resistance level is strong. Need to wait before entering into a trade.

dhng88

Daily Chart: Daily chart shows the trend is bullish. But it has been very choppy lately and need to wait for confirmation signal before entering into a trade. Better stay away at the moment, until we see what we need to see to plan for an entry. 4H Chart: 4H chart above shows no sign of bullish at the moment, let's wait the formation of lower low.

dhng88 Updated 

Monthly Chart: It has come to a monthly resistance zone where the price is being hammered. Weekly Chart: Formation of resistance at the resistance area. Daily Chart: Price consolidation is ongoing. There is no clue where it will go after this. But the overall trend of bullish has been formed. 4H Chart: Let's wait for the 4H chart to form another lower...

dhng88 Updated 

Daily Chart: Short term of bearish is ongoing. Let's wait for the bullish signal, since the overall trend is bullish.

dhng88 Updated 

Weekly Chart: It is observed that the weekly resistance is strong and thus the price movement is moving downwards. Daily Chart: There are few candles that hit the resistance zone trying to go uptrend but it dropped down instead. Short term is downtrend. 4H Chart: Double top has been formed at the resistance zone. Need to wait for daily consolidation before...

dhng88 Updated 

It was a good week last week. Risk and reward ratio are very important when planning for a trade. Always only risk 2% of the capital. It will never be too late to enter a trade. As long as the lost is limited to 2% of the capital. We can adjust our position based on the amount of money we can risk. The upcoming week will be bullish as well. However, based on...