dhng88

dhng88 Updated 

The price action has hit the monthly chart's downtrend line. The price action has pierced through the monthly chart but it did not stay above the trendline. Daily chart shows that the price action has stayed above the trendline. Looking at the 4H chart, the price is forming lower high, supported by the previous high. 1H chart does not seem good to enter...

dhng88 Updated 

Monthly chart shows that the overall rough idea of support and resistance level. Weekly chart shows that the price has entered into resistance zone. It explained why the price has started to consolidate. One thing I learned from the trade is to be careful of the position that we have when the price action has entered into the resistance zone, be it a...

03:03

dhng88 Updated 

Monthly Chart: The Price Action has broken the monthly chart downwards trend line. Weekly Chart: Bullish seems forming and price is moving up. Daily Chart: Price consolidation might happen. When planning for a trade, will need to be extra careful and wait for the price action to confirm our assumption before entering a trade.

07:11

dhng88 Updated 

When I plan a trade, I usually start off with trend identification, following by identifying support and resistance level. The analysis will start from Monthly Chart, follow by weekly chart and daily chart. 4H chart and 1H chart will give me a glimpse of what happen in the shorter time frame and plan my entry of the trade. FX:AUDJPY

05:23

dhng88 Updated 

Have you ever doubt why you can spot the entry based on the history of the chart but not the actual the chart that is happening? This is the analysis of the EURUSD for the final week of year 2020. Click "Like" button if you like what I share as it motivates me to share more. Hope you enjoy and Happy New Year.

04:45

dhng88 Updated 

Trading is easy, it is just within a click with the mouse that we are using. However, to remain in profit consistently, it is not easy. I am sharing my trading strategy for the end of the week for year 2020. At the same time, it provides some insight how the AUDJPY will be doing in 2021. If you like the analysis, click "Like". Happy New Year ahead.

02:45

dhng88 Updated 

SPY500 In monthly chart, overall market is still going down trend. Weekly Chart shows some consolidation is happening. Daily chart shows that price is ranging. I will keep money at the sideline and will not trade for now since the direction of the market is uncertain. Short term wise, it is bullish.

06:39

dhng88

Monthly chart of SPY is uptrend and entering the resistance area. Weekly chart shows that SPY might be going into consolidation zone and ultimately form a shoulder. Daily chart shows that the price tried to pass through the resistance zone for weekly but unsuccessful. So the probability and possibility to go down is higher than going up. Looking at 4 hour chart,...

dhng88

SPY has been trading between range of 213.55 to 189. It looks like it is consolidating and lower high was formed recently after the FED announce the interest rate to be hike by 25 basis point. In the short term, about a month, can short SPY until it reaches 189. Or can trade credit spread in the options by selling 213 Jan 16 and buying 214 Jan 16. And selling...

dhng88

The MACD is showing lower high and lower cross over on weekly chart, will there be a correction in short term? However, the price is consolidating between 200 to 205. Should the trend be bull or sideway?