AUDUSD has reach the top of HTF structure with structural approach (expanding structure) on multi LTF structure. Its signalling a weakness in how the price reach this area and giving signal for a turn to the downside, at least for short term. Meanwhile, I still hold on to my AUD long term bearish view,.. I set a sell order here with 20 pips sl at 0.76100. Lets...
I have been bearish on NZD pairs since quite long. However, every time we got rejected the pairs quickly came back up to since this pair has a good correlation with US stock and seems like the FED won’t give up keep pumping it. Eventhough, I still prefer to trade based on technical view and ignore all the fundamental distraction. I have complete faith that sooner...
We have seen massive greenback weakness this year but I’m expecting that to end soon. USDCHF is the best USD realated pair right now with the clearest structure in my opinion. This pair has reach the bottom of HTF corrective descending structure, while forming another perfect descending structure in the LTF. The area that the price sits now is really unreal. I’m...
As per my analysis before,.. If you follow my analysis from the beginning, maybe you know I’m a long term bear on all this NZD pairs... So Far, this still looking good. NZDCAD has make its 1st impulsive move to the downside lat week. After that,.. I see a decrease in the momentum and i exitmy position at the bottom. After that this pairs continue to move sideways...
GBPNZD sit at the bottom of HTF Falling Wedge pattern right now and it got a little rejected. I’m expecting this little rejection to continue for a while before forming a bullish continuation pattern. A break from this bullish continuation pattern will be enough to confirm the upcoming bullish move and will trigger my buy entry. Lets see how will this pair...
The market hasn't over so many opportunities at the moment a that is worth to trade in my opinion. Lately, .. the market has just gone very corrective that has last for several weeks startingin early Novermber. Nevertheless, AUDNZD pair is still something to keep our eyes on, in my opinion. This pair has reach the daily double bottom area (inflection point) while...
After waiting for seeral weeks, finally now GBPUSD start to looks more promising. Its now has reach the double top area of HTF structure while forming a Rising wedge in the process. The price is now rejected from the double top area and top of rising wedge structure. Its now starting to form what appear to look like a bearish continuation flag on H1 TF. If the...
Like my forecast before, I’m still waiting for a short opportunity on NZDCAD. After waiting for a several weeks, the short opportunity haven’t present it self to us. Now,.. Looks like it finally ready. NZDCAD is on the top area of HTF structure while forming an ascending channel while approaching this area. Now, the price has broken back below the ascending...
This pair is at the top of H4 TF Rising Wedge Structure. While reaching this top area, it form another corrective rising wedge structure in H1 TF. Its now breaking below the Risin wedge in H1, and forming bearich continuation flag pattern. I enter short entry on this pair on the break of the flag, with sl above tha flag, targetting to at least to the bottom area...
NZDUSD has been moving up in a very corrective manner over the last several weeks. Its no secret that from the beginning, when this pair reach the top rea of daily ascending-channel structure, I’ve always been looking for a sell setup. However, this pair never give me the confirmation to trigger a short entry, instead it keeps moving up inch by inch with little /...
GBPCAD now is at the top of H4 pennant structure. Whats interesting here, is it reach this area with structural approach while forming multi TF ascending channel structure. Its usually signaling for a turn to the downside from this area targeting up to the bottom of the pennant structure. I’ve already set my sell entry with sl above the pennant structure...
EURNZD is aprroaching the bottom of a HTF flat channel structure in impulsive approach. It even breaking the bottom of the channel a bit. After that it rebound impulsively back into the channel. Usually It’s signaling for a fake move and the break is only to catch people on the wrongside of the market.. I’m anticipating for a move back top of the channel. So far,...
EURAUD is aprroaching the bottom of a HTF ascending channel structure in corrective approach while forming a Falling Wedge in the process. It’s signaling for a move back to the top of the channel. So far, it has give a really good momentum to the upside. I will now anticipating the price to form a corrective structure. Any break from any bullish continuation...
Like I said before i’m anticipating for a big bearish move on NJ when it reached the top of daily ascending channel. However, as I said, we must never take any short trade blindly but to wait for the market to give us any confirmation because the price reach this area in impulsive leg. After that, thir pair continue to move upside seems like breaking the...
EURGBP is currently rejected from at the bottom of big descending channel structure. In addition, this area also intersect with major daily TF inflection point to add more confluence. Its now already forming a bullish pennant continuation pattern. I will take a long trade with the break of this bullish pennant with sl below the structure and target up to 0.94800....
EURNZD
Tight Flag Formed After Retrace Back Into Structure