Shorting USDCHF after the stop run. Price seems to be correcting. Trendline is target but will see how it develops.
So sorry for not posting my analysis of Week 16, as I was overseas! However, I was trading through the week, so I am back with the analysis of the coming Week 18. GBPUSD seems to have overextended its bearish move in Week 17, pretty much like the USDCHF. It ended the week with a reversal pattern at level 5 of the bearish trend. That made me incurred some losses...
EURUSD completed its bearish movement in Week 17, and towards the end of Week 17, it also tried to make a bullish move. So sorry for not posting my analysis of Week 16, as I was overseas! However, I was trading through the week, so I am back with the analysis of the coming Week 18. EURUSD made a very expected bearish move in Week 17. I managed to catch part of...
USDCHF made a very strong bull movement for the past two weeks and I personally suffered some losses by going short on them, however, I am glad I avoided them completely in Week 17 since it showed that it is going to extend its bullish movement. I am away for the weekend of Week 16, thus, I did not make any update. However, I am still trading the market, so I am...
A great week for USDJPY! I missed out on my analysis for Week 16 as I am overseas, however, I am still trading the market! USDJPY made a great move towards the end of Week 17. I had a wrong level count previously that led to me still looking for another high to be made in Week 17. Now looking at the situation, USDJPY actually made a reversal pattern in Week 17...
Wed. 03 May Looking Long @ 1.3693 with protective Stop @1.3653 , Target @ 1.3757 or a further push towards 1.3800 (To be done within Week 18)