AlexxChan

AlexxChan Updated 

With prices plateauing at the 1.5591 region and failing to break higher highs. The bull run for EURAUD may be at a halt for now. With the appearance of a bearish engulfing pattern, I'm going to enter once it retraces back a little.

AlexxChan Updated 

Last idea on AUDJPY went well, and I believe that more shorting opportunities are going to continue to exist. Playing off the 61.8% region, which also has a strong resistance area is my next choice of entry. However, entering a short right now as well may also provide a good opportunity.

AlexxChan Updated 

A possible triple top forming on USDCAD. I'm going to wait and see if 1.2789 would break. If it does, expect price dropping to around 1.271 area

AlexxChan

Playing off the Fib levels on the pair. I expect the pair to raise to around 124.50 levels before heading back down to lower lows

AlexxChan Updated 

EURUSD is making a clear breakout to the lower side. Like always, I am going to wait for a retrancement to around 1.363 before entering a short towards lower lows.

AlexxChan Updated 

A nice breakout and retrancement could be seen on the pair. I believe prices will head down lower as suggested by the bearish engulfing candle.

AlexxChan Updated 

Sorry for the inactivity for the past month, but now im back! Going to playing the breakout like always. NZDUSD made a beautiful retracement, and from the candlesticks, it looks like the bulls are running out of steam and that the bears are making a come back.

AlexxChan Updated 

Gold rallied back up 1224.95. This should be great region to execute some short positions to capitalize on the potential 5th wave. However there is a potential that it head higher to the 61.8% region before turning around.

AlexxChan

With prices breaking an area of high support and further retracing back up to the support region. This aussie pair likes like might be creating a 5 wave move lower. Happy trading everyone

AlexxChan

A clear break of a trendline developed since the end of February. Like always, I'm looking for a retracement of the pair up around 126.02 before shorting it again.

AlexxChan Updated 

With a break of a trendline, I expect the bears to get into the aussie pairs. Let's see what happens

AlexxChan Updated 

NZDUSD broke a major resistance line on a daily timeframe developed since June 2015. My play on this pair is waiting for a pull back towards the 0.68625 before entering a long position. I expect the pair to head to 0.70221 in the near future.

AlexxChan Updated 

GBPJPY is showing a lot of signs that it will continue lower. With prices failing to break the downwards trend line, and a breaout on a pennant formation. This is giving me some strong confirmation that the pair will head lower

AlexxChan Updated 

From my previous post I stated that EURUSD completed its 5th wave, however I was wrong on the wave count, and it actually completed its 3rd wave (sorry guys). I expect the pair to follow its 4th retracement at the moment down to 1.1335 before heading back higher to 1.1460 levels.

AlexxChan Updated 

EURAUD created a Pennant pattern and a breakout to the upside. Let's see how it goes.

AlexxChan Updated 

Just want to let you guys know of a possible breakout play in the near future, keep an eye on this!

AlexxChan Updated 

With GBPUSD breaking pass 1.39426, (an area acting as high level of support). The sterling seems like it is on track towards breaking its 2009 low. Right now I expect the pair to retrace back up to around 1.39200 before heading down lower to around 1.37800

AlexxChan Updated 

Gold seems like it's going to continue its bearish play. With a trendline and 50% fib level holding the pair, I expect the the downwards channel to continue