2017-11-6 EURUSD has been consolidating above Daily Support and formed a Head & Shoulder Pattern. Currently the market had just broke out the neckline and building up momentum for another downward breakdown. We currently set our target at previously low for more than 1:1 RRR.
Although in our weekly analysis, we are looking to short USDCAD. However, this pair is still in its Uptrend on 240 min chart. Thus, we need to wait for the market to show weakness to confirm our analysis. The market just close below the trendline. We are waiting for a break of Previous Low and retest before entering this trade.
AUDJPY has retraced back to previous BO level (Green Zone) and we look to long at this area. With a Bullish Gartley completion near 85.58, we can enter at market price.
Morning Post (2017-8-2) HSI remains strong with no sign of turning back. Thus we continue to apply trend trading strategy and look for opportunities near previous High! Trading Tips: 1. Look for confirmation near previous top (near 27,480)
Morning Post (2017-7-31) HSI Gap down 50 pips on last Friday. In short term, this acts as a resistance. (Red Zone) Trading Tips: 1. Look for a retest near 26,870 2. Next support level near 26730 Once we reach these levels, look for an entry trigger before entering!
Morning Post (2017-7-27) It looks like HSI is losing its momentum in yesterday's section. In short term, the market may go sideways or even retest previous Key Level Support (near 26,700). However, we still expect the market to remain strong if it BO previous High. Trading Tips: Although the market has not shown a clear direction on 15m timeframe, our main...
Trade Analysis (2017-7-24) Trading Tips: HSI just broke out another Key level Structure Support (26,780) and consolidating above this level. Another Triangle BO occurs and we entered when the market retested the trend line. SL 1ATR below previous structure low.
FX Analysis (2017-7-24) Trading Tips: Short term counter trend trading opportunity. We have a Bearish Gartley completion right near previous structure resistance. However, this is against our the trend on 240min chart, thus we only look for a 382 retracement (618 for TP#2).
Morning Post (2017-7-24) HSI has been literally moving sideways (26,642-26,789) for the past 3 trading days. We were expecting a BO on the upside, however, the market has weakened during Friday night and dropped to the bottom of the consolidation zone (26,642-26,789). As long as HSI stays above 26,642, the market still looks strong. In case the level is broken,...
FX Analysis (2017-7-21) AUDCAD just broke a minor structure support on 15min chart and retested the BO line followed by another Flag BO. We entered at the Flag BO. TP#1 @0.9890
Morning Post (2017-7-21) HSI remains strong after the BO of Key Level Structure last week. Currently, it looks like the HSI is consolidating and waiting for another BO. Trading tips: 1. We look to enter after a BO on the top 2. We may also look for entry triggers if the market retest the previous BO level (near 26,660) In case you had entered during last week...
FX Analysis (2017-7-20) USDCAD has just broke out the Triangle consolidation area (Blue arrows). We look to short at a retest of the BO Line. TP#1 @Fib Level 1.618, which is also a Key Level Structure support on Weekly Chart. Thus, we should look to cover all positions before this level. Additional: In the bigger picture, we should expect some sort of...
Morning Post (2017-7-20) Market Analysis HSI continues to stay strong and BO the consolidation on 60m chart. We can see the BO area as a short term Support. Keep in mind if this level is broken, the market is likely to go side-way again for a while. Trading tips: 1. Look for entry confirmation near the BO area (near 26,620)
FX Analysis (2017-7-20) AUDJPY is currently going an uptrend on 60min chart. We simply apply a trend trading technique where we look to long when retest or at BO. A Inv. Triangle was formed and we entered at the BO of the trendline. TP#1 @1.272 Fib Level SL 1 ATR below the Inv. Triangle formation
Morning Post (2017-7-19) HSF BO the Trendline after retesting previous Structure Support. Entered near 26,500 TP#1 @26,629 TP#2 @26,728 (or we can use trailing stop since no significant resistance ahead)
Morning Post (2017-7-18) HSI has slightly retraced from the top (Near 26,642), however, it is still holding above previous consolidation area (26,280). As long as HSI does not break this level, the market is still looking strong. In case it breaks, we shall look at previous structure support (26,010). Trading tips: 1. Gartley Pattern completion near 26,320 2....
FX Anaylsis (2017-7-17) GBPJPY is consolidating near previous major Structure Top (145-148.12). We are looking for short term opportunity to Long near previous minor Structure Support with a Bullish Cypher completion near 145.77 inside the consolidation zone.
FX Analysis (2017-7-17) XAUUSD just broke out a Head & Shoulder neckline inside the Structure Support Zone (Green Zone). We are looking for 1) a retest of the neckline or 2) a BO of current level for entry. We also noticed major Structure Resistance (Red Zone) ahead. We shall close monitor XAUUSD when the price reaches this level.