Hello Traders, Our Analysis on USDJPY from 28.12.2018 was correct. Price retested the Trendline and then fell lower. Now we broke an important support level at 110.250. Trades who'd like to go short, it'd be ideal to wait for a retest of the broken support. We can target the 109.300 level, which is another important level on the daily timeframe. I wish you all...
Hello Traders, GBPUSD had a very strong bull run and our Analysis to go short was proven wrong. Now we'd like to enter on this strong uptrend, however, price is in a very strong over-bought state as indicated by our RSI. We would like price to retrace into our buy zone so that we can get a good price level to go long. Possible retracement levels are 1.27650 or...
Hello Traders, The EUR USD did not reach our projected Resistance area. Price is now consolidating inside two trendlines where we might look for range-bound opportunities. On the higher timeframes, price is clearly bullish and we will expect a breakout of this consolidation pattern to the upside. I wish you all a happy New Year!
Hello Traders, After the break of the trendline to the downside, our sentiment was bearish. However, price is now testing an important support level at 110.300. Looking at the RSI, we have an oversold condition and price is likely to correct itself before resuming its downtrend. The correction is indicated by the arrow on the chart and price is likely to hit the...
Hello Traders, Our sentiment is still bearish in the bigger picture. Price is now consolidating in a wedge pattern. This consolidation is also characterized by price oscillating around our moving average. We would expect a breakout to the downside in the near future. Until then, we can use the wedge pattern for some good reversal opportunities. Currently, price...
Hello Traders, The EURUSD has been in a very strong uptrend lately. Price broke above two resistance levels at 1.4100 and at 1.1435. The 1.1435 level is now being tested as a support. If this support holds, we might see price rally up to the recent high at 1.4850.
Hello Traders, Price now broke above our resistance level and retraced back to the now becoming support. As you can see, price is now oversold which is a bullish signal. Targets for long trades is the previous high, which is the next major resistance level. Happy Holidays
Hello Traders, Our analysis on EURUSD from December 17th was proven correct. Now Price bounced off of the 1.14000 Resistance and is approaching our trendline support. We have two scenarios that might happen. Price might bounce off of the trendline at create a double top or we can break the trendline and target the nearest support level at 1.13400.
EURUSD is showing strength as suggested by our indicators. The RSI is showing strength is it has reached above 70. Looking at the chart, we have a 100 SMA Cross, which might signal a trend reversal. These indicators are very simply, nonetheless very powerful.
Hello Traders, Here we have a trading setup using trendlines. The Major trendline support serves as our bias to go long on the higher timeframes. Price then pulled back into the trendline area and broke the minor trendline resistance. That is a bullish signal on the lower timeframes and our entry reason. Entry at retest of minor trendline resistance. Stop Loss...
Hello Traders, Here is an analysis on GBPCAD. Price consolidated in a triangle pattern and then broke to the downside. Now it's testing the 0.618 fib. extension and I've drawn fib. retracement levels to determine probable correction levels. The 0.382 confluences well with the low of the pattern while the 0.618 retracement confluences well with the breakout...
Hello Traders, Here we have a counter trend trade of a falling wedge. After the breakout we entered on the retest and are aiming for the 0.618 retracement on the higher timeframes. I wish you all a good weekend. Kaetea Ng
Hello Traders, Price on Gold has broken out of a Flag Pattern on Gold. we are looking at an entry at the retest. Our target is an equal measured move of the previous impulse, therefore we are aiming for a 100% extension. SL set below minor Low inside the pattern. Happy Trading! Kaetea Ng
Hello Traders, This is a simple breakout trade that I have taken just now. Entry at retest after the breakout. SL above minor high inside pattern. Due to the fact that the RRR is already 2.8:1 at the 0.618 extension, I decided to take my profit there. Happy Trading Kaetea Ng
Hello Traders, USDCHF Hes just touched a major resistance level on the higher timeframes. The test was the followed by a trendline break to the downside. Price is likely to respect the drawn fibonacci levels. Possible price development is indicated by the arrows. Targets are at the 0.618 fibonacci retracement. Entry for short is below the trendline. SL set above...
Hello Traders, Here we have a bullish breakout of a triangle pattern. Our target is the 100% extension of the previous move. Entry at the retest of the broken trendline resistance. SL below minor low inside the pattern. We're hoping for a continuation of a trend with a very decent RRR ratio. Kaetea Ng
Hell Traders, Here we have a bullish trendline breakout. Note how the 100% extension confluences with the recent high. Entry on retest of trendline. SL below minor low below trendline TP below next minor high / 100% ext.
Good morning traders, I have just entered on the AUDJPY after the breakout of the triangle pattern . I entered on the retest of the trendline . SL set below minor low. TP at 100% extension of the previous impulse.