Hi Guys,
I hope Richard Demille Wyckoff will forgive me for this. Lol
To view Wyckoff's accumulation structure referred above click this link d.stockcharts.com
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Thank you for your support and for sharing your ideas.
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GBPUSD moved into bullish level 1 in Week 14, however, it went back down to create a new low for the bullish level 1 towards the end of Week 14, which would have flushed all the profit that long traders made early in Week 14.
Week 14 would be a good week for traders who take both long and short positions, largely the day and swing traders. The moves are quite...
EURUSD largely contained itself within the range in Week 14. Even though in Week 14, we expected it to drop, which it did, however, it went back up to the range at the end of the week.
Traders who went short would have netted some profit, traders who went long in the middle of the week will be in profit as well. In Week 14, both long and short traders can be...
In Week 13, we expected the pair to make a Trend Reset and have an outlook of neutral/bearish. However, in Week 14, the pair made a sharp rise and moved to a bullish level 3 zone.
Personally, I did not engage USDCHF in week 14, because I am unsure of the general trend, so even if I take a side, I might not be able to have a reasonable conclusion of the pair....
USDJPY made an unapologetic bullish move for the whole of week 14. Traders like me who are looking for short and have entered short for the pair would like to suffer a bad week if no change in outlook.
The analysis showed a strong upward movement in Week 14, however, it is also showing the pair has overextended the move. Currently, we are seeing 7 levels of rise...
USDJPY moved accordingly to our analysis of Week 13, it made a bullish move as expected. Even though the move was not large, but any traders making a long position would be able to make good gains out of their trades. Congratulations to all traders longing USDJPY!
For the week of 13, we can see that it completed a three level of Bullish trend. Even though the...
USDCHF did move upwards in Week 13, even though it moved according to analysis, but the move is more of a consolidating move than a strong move. Nonetheless, traders who went long on this pair would be able to get some profit out of USDCHF.
In Week 13, it managed to break into Bullish level 2. Possible reversal pattern was spotted at level 2 and the lack of a...
EURUSD made a wonderful drop in Week 13 as expected. For all traders who shorted, congrats to your big profit! It was a swift move and it didn't post much risk to traders shorting them.
The bearish move of EURUSD was quite strong, and it only started to consolidate and giving hints of reversal on Friday.
The bearish trend sees 4 level of drop rather than 3,...
GBPUSD moved as expected in Week 13. A good drop and forming a level 3 for the bearish trend. I made some profits from the move, and I hope other traders have profited from the move as well.
The second level of the bearish trend did make me think twice about my analysis, not the question that it may be a bull trend. But rather, is there a trend reset going on...
