We can see AUDUSD has been struggling to break 0.7032 level since June 2020.
Now the price has successfully broke the daily resistance level (which now becomes support) and we are looking to hop on the trend once price retest the support area.
Target Price could be set near the next big level near 0.7393
In this article, we will be looking at the recent break out of the support on EURUSD Daily.
Previously, we can see EURUSD price broke out and held above both the 200MA and the structure resistance Red Zone (roughly 1.1170). However, the market soon reversed and the price once again fell below the structure (Red Zone).
In this article, we will be looking at the recent break out of the support on WTIOIL Daily.
Previously, we can see oil price has been putting a series of HH and HL and reached the Daily Resistance (Red) Zone (roughly 64.50 ~ 66.50) on 6 Jan 2020.
After the retest of the recent highs (Red Zone), Oil price has dropped substantially over 10%. Price...
Hi Fellow Traders,
In this article, we will be looking at the recent Trend Line breakout on the EURCAD pair.
Previously since 30-Oct-2019, we can see EURCAD price has shown strong support near 1.4540 price level. (Blue Zone)
On 03-Jan-2020, price has successfully broke and closed below the support area (Blue Zone), which indicates price could...
(2020-1-14) GBPUSD is about to break the Short Term Trend Line
In this article, I will be taking a look at the potential counter trend trade on the Daily timeframe.
Previously, GBPUSD price has spiked up and retested the Daily High near 1.3382 (made in May 2019). We can see a sharp drop in price after the spike indicating a price rejection near the...
In this article, I will be looking at some key levels on USDJPY pair.
USDJPY price has been trading roughly between 107.90 and 109.80 for since November 2019. Currently price is approaching the top of this range. We are preparing for a break of the resistance above with a potential target near 110.50.
However if price failed to break out and dropped...
With a series of Lower Highs and Lower Lows, AUD/CAD has been moving in a downtrend for the past weeks.
We see price broke the short term resistance 0.9010 level (and also the previous top) on 8 Aug indicating a possible short term reversal.
However the market has failed to put in a Higher high and instead has decides to go once again below 0.9010 structure...
Last Wednesday, we saw price being pushed back near 50.50 structure support level then rebounded and hit our target at 54.40. This shows the market concurs with the previous market participants with the 50.50 price level and we would expect the level to hold up in the short term.
However, the market is still unclear in the long run, as price has not broken either...
Previously, WTIOIL has undergone a strong uptrend for nearly a 6 month since Dec 2018, pushing price from 42.20 to 66.46, an over 50% increase.
Price has now printed a Higher Low and a Lower High which therefore is not clear which direction the market is heading in the long run. This means we need to see a breakout of either Higher Low or Lower high to see a...
Previously with EUR/USD, price has formed a series of Lower Lows and Lower Highs since retesting 1.1550 previous structure resistance level until recently in May 2019, the market showed a major rebound to push the price back up from 1.1120 to 1.1420 level.
However, in the past month, the market has completely digested the past increase and retracted back to...
During last week, HSI has successfully broken 28,075 short term support level and dropped over 1,500 points to our target near 26,505. Currently, HSI is retesting the previous low at that level.
We are expecting the market to break the 26,505 structure level and if it does, we would be looking at a retest of structure in the lower timeframe for our entry....
Looking at the daily chart, we can see DJI broke 26,951 the previous All-Time High made on 3 July 2019. Over the last 3 weeks, price held firmly above the level and formed a consolidation zone between 27,050-27,400.
This is a sign the market is waiting for the acceptance of price level from market participants. If we see another break of most recent high to the...
HSI has retraced roughly 75% from the top 33,516 (January 2019) since the uptrend started on 28 December 2018. In April, we have seen HSI spike up to the 30,200 level where price was rejected. Recently, price has formed a short term support near 28,075 level since mid-June.
Price has now printed a higher low and a lower high which therefore is not clear where the...
Price has been rejected by previous Daily resistance level near 0.9063 and recently broke the short term trend line .
We anticipate a continuation to the downside with a possible deeper adjustment to 0.8695 (TP3)
Price has been rejected by the structure resistance above (near 78.90) multiple times. Currently, the market just broke and hold above the Structure S/R (Green).
We are looking for a rebound targeting the next level of resistance (Red).
TP @ 80.75
SL @ 78.90
Short term Reversal opportunity shows up in EURGBP.
First Price broke and retested the downward TL. A new high has formed on the way indicating short term strength to the upside.
TP @ 0.8808 (near previous minor structure resistance-Yellow)
SL @ 0.8690 (below recent minor structure support-Green)
A short term opportunity appeared on AUD/NZD.
Price has broke and retested the structure S/R level (Red 1.0523~1.0542). A double top has formed right at the same area.
TP@1.4570 (near PL)
SL@1.5510 (above S/R level)