Casey_Yeo

Casey_Yeo

Similar to AUDUSD, potential 2618 long setup if market pulls back down from its recent bullish move to the 61.8% retracement level.

Casey_Yeo

There was a double bottom right at the key support zone. If market pulls back from the recent bullish momentum to 61.8% retracement level, we will have a 2618 setup to go long. At the moment, I'm shorting this pair (see idea in link below). Lets wait and see if market will play as per these ideas.

Casey_Yeo

Overall trend on the daily is still down despite of the recent correction. Market has approached a resistance zone on the daily chart 0.8890 and formed a small false break candle in H4. RSI is showing slight bearish divergence. May worth a shot at a short.

Casey_Yeo

Technically, the daily chart is still in an uptrend. Market has now retraced down to key support zone 173.65, which is also 61.8% fib level from the recent upswing. It is also now re-testing the bullish pin bar formed on 16 Sep 2014 right at this key zone. Will be drilling down to H4 for confirmation to go long.

Casey_Yeo

Overall trend in this market is down. We can see rejections of the minor resistance in H1 as reflected with the long upper wicks. This also rejected 50% retracement of the recent downswing. This looks tempting but I don't trade H1. Contented with just holding the existing two positions in this pair.

Casey_Yeo

Market re-tested the daily resistance zone and failed, resulting in a bearish pin bar in H4. Two options in my plan to short this pair: (1) Enter at market now based on the bearish pin bar signal rejecting the daily resistance zone. (2) Wait for further retracement up for deeper re-test of the daily resistance zone and the re-test of the low of mother bar. My...

Casey_Yeo

A bearish candle with long upper wick rejected a H4 resistance level around 1.6280 and the down trend line. Will be looking to add the third short position at re-test of this bearish candle and the trend line.

Casey_Yeo

Market reached key resistance zone around 1.4575 and formed double top. Price broke and closed below the double top's neck. Potential 2618 setup is on the card. RSI is showing bearish divergence.

Casey_Yeo

Update to my earlier post (see link below): Market has fall off nicely from the bearish pin at resistance zone. It has just broken and closed below a support level around 1980. The next KEY support zone is around 1900-1910. Nothing to do at the moment but wait to see if market presents another shorting opportunity with a retracement back into 1980 zone.

Casey_Yeo

Market has retraced considerably to 50% of the recent upswing from the double bottom pattern. The support zone of 138 is within the 50% and 61.8% retracement zone. Be patient and wait for price action buy signal in that buy zone.

Casey_Yeo

Bearish bat pattern is potentially unfolding in the daily. The potential completion point coincides with psychological round figure 1.1200. The red box is my sell zone.

Casey_Yeo

Market broke and closed nicely way below the key support zone 0.8050 yesterday. Obvious plan now is to wait for retracement back to this now resistance zone to short. No key support zone found until 0.7717. Be patient and wait for the price to come to us.

Casey_Yeo

Market consolidated within previous day's pin bar, forming an inside bar below the resistance zone. Will be looking to add a second position at the break of the mother bar. Please refer to the link below for the idea on my first position. I will be treating these two positions as two separate setups and trades.

Casey_Yeo

Medium term trend (3-6 months) is down. Market broke below key support zone and re-tested with a false break last Friday. Market has so far this week grinding its way up towards the now resistance zone. My short order has been triggered yesterday. Entry, SL and TP per chart.

Casey_Yeo

False break of the key resistance zone and 61.8% retracement level last Friday. Will be looking to short in line with overall downtrend in the daily. Word of caution: I'm wrong more often than I'm right.

Casey_Yeo

Market seems to have stalled around 2000-2010 level. Bearish pin bar formed at this key level. This may be due to profit taking on Friday before the weekend. Or this may be the beginning of a reversal/correction. RSI is showing bearish divergence. Word of caution: This is counter-trend, and it is counter to a super uptrend. The potential risk-reward ratio may...

Casey_Yeo

I don't trade H&S pattern. Can't help but saw this pattern in H4 chart. A break of neckline will increase the probability of this market going down all the way to probably 1.0780. Will be watching this with interest.

Casey_Yeo

Double bottom formed in H1 chart. Market has broken the neck and retraced 61.8%. 2618 setup has been completed. I will prefer to see the RSI showing oversold first before considering going long.