Casey_Yeo

Casey_Yeo

Overall trend in this market has obviously shifted to bearish with increasing momentum, looking at the steepness of the fall in price since mid July without any deep retracement. The market broke and closed below the key support zone around 0.8400 last week. It has just formed a small pin bar yesterday. Anticipating this market to re-test the now key resistance...

Casey_Yeo

Market is having a free fall at the moment after breaking the key support zone around 1.3330. The momentum is obviously very bearish now. Market is now approaching the key support zone around 1.3116. That will be an interesting point to watch and see if that support holds or breaks. If it holds and presents nice price action buy signal, then I will go long to...

Casey_Yeo

Market has dipped into the identified support zone (daily chart) and resurfaced above this zone. RSI is showing bullish divergence. Will be waiting for price action buy signal around this support zone.

Casey_Yeo

Overall daily trend is down even though market is carving out higher lows and high highs indicating potential change in trend. Market is currently testing the resistance zone around 0.9150. In fact it has broken above this level today with a gap up during the Asian session trading but have to wait until the close of the daily candle to see whether it has...

Casey_Yeo

Market broke out and closed above key resistance zone last week. Will wait for price to pull back into the now support zone and price action confirmation to go long to be in line with the recent bullish momentum.

Casey_Yeo

Waiting for a re-test of resistance zone 1.3300, which is close to 61.8% retracement level, to short in line with the overall downtrend.

Casey_Yeo

Market has broke and closed above the key resistance zone. The obvious thing for me to do now is to wait for a pullback to the now support zone (previously resistance zone). Then wait for price action buy signal to trade in line with recent bullish momentum.

Casey_Yeo

Overall trend is bearish. Market is approaching key resistance zone again after previous two 'tap and reverse' attempts. In addition a bearish pat pattern has just been completed near to the resistance zone. Will this action repeats itself - tap and reverse? Or the bulls will get it third time lucky by breaking and closing above the resistance zone?

Casey_Yeo

Market stalled after pulling back to between 50% and 61.8% retracement of recent swing high to swing low. This area coincides with the resistance zone. From the daily, we can see rejection of higher prices in the form of long upper wicks in the daily candles. Market has tried to push down once after the pin bar on 12 Aug 2014 but it has now returned back up and...

Casey_Yeo

This market has been trading within the range of 1.7823-1.8370. Thanks to the weakness in GBPUSD, GBPAUD has touched the bottom of the range. IF price action signal formed in the buy zone, THEN I will buy. IF market breaks and closes below the buy zone, THEN I will wait for re-test of the zone and shorting opportunity.

Casey_Yeo

Daily - Market was in downtrend from March to July, before rallying back up and stalled at 50% retracement of the downtrend. That is also a resistance zone if we look left. H4 - We can see a double top formation with price broken below the neckline around 1.09 and is now potentially retracing upward towards 61.8% fib retracement for a 2618 trade. Will be looking...

Casey_Yeo

Market has been correcting and approaching key resistance zone 0.9330-0.9355, which coincides with 0.382 and 0.5 retracement. Overall this pair is looking more bearish than bullish as long as price is below this key zone. Wait and watch for price action signal in the sell zone, preferably upper end of the zone so that SL can be placed above that wick on 6 Aug.

Casey_Yeo

Market sold off heavily yesterday, thanks to BOE Governor. Market closed below key support zone 1.6700. Expect more downside towards next support zone 1.6550-1.6600. This is also the zone where the bullish cypher pattern will complete. It also coincides with 61.8% Fib retracement from the double pin swing low to the highest swing high. This looks to me like a...

Casey_Yeo

There is a false break of resistance in H4. Will this trigger a sell off towards key support zone 1.6700? BOE Inflation Report due in few minutes time.

Casey_Yeo

Double bottom pattern in H4. Is this a valid 2618 trade?

Casey_Yeo

Double top pattern formed in the daily. There is also a bearish divergence between RSI and price indicating potentially more selling in this market. Will be looking for a shorting opportunity next week.

Casey_Yeo

Update to the earlier post on potential bearish cypher pattern. This pattern has just been completed in H4. Price has started poking into PRZ. Given the recent bullish momentum, will be watching for price action confirmation in PRZ before going short.

Casey_Yeo

Potential bullish bat pattern in progress. Potential reversal zone (0.9220-0.9240) is slightly above key support zone 0.9200. This should provide great RR potential.