KarYong

KarYong

Price seems to be developing corrective at the moment. Overall we remain neutral. We'll give it some time before committing to any trade setup. If we can get a corrective structure development from here, we can expect more upside.

KarYong

Having a close inverse relationship with the Dollar Index, we remain neutral for EUR/USD as well. We'll want to see how price reacts around the 50% fib at 0.9770 area first.

KarYong

Price seems to be starting to develop into a corrective structure. If we can get a retracement correctively back towards 1694 and 1686 area, we have a decent buy trade setup with stops below 1660.

KarYong

Price made a strong impulsively move to the upside yesterday, breaking the overall downtrend line as well. As long as price remains above 1660, we continue to look for buy setup. Wait for a potential pullback towards 1681 and 1676 area.

KarYong

Price reacted off the 79.90 and 79.10 area nicely. If you do not have any buy trade at the moment, you can consider waiting for the breakout above the 83.30 confirmation level. As long as price remains above 76.55, we continue to remain bullish and expect more upside.

KarYong

Price tagged the 1.1110 area at the moment. If you have any buy trade, suggest to take partial profits here. We do expect a reaction and pullback towards 1.0875 in the near term.

KarYong

Price bounced off the 3608 level yesterday rather impulsively. At the moment we can start to anticipate a 3-wave pullback towards 3780 and 3825 area.

KarYong

Price may be developing into a 3-wave correction towards 1.0535 and 1.0465. As long as price stays above 1.0355, we can expect another move higher after this correction. Confirmation level is at 1.0835 with potential target at 1.1110.

KarYong

Price is currently testing the bottom of the channel and the 127.2% extension level around 76.90. If we can get an impulsive break above the confirmation level at 80.60, we can expect more upside from here.

KarYong

Price continued to move higher last Friday. Going into this week, we continue to remain neutral for now, and wait for a clearer confirmation before establishing any trade setup.

KarYong

Price just tagged 110.80 (pre-FOMC). Are we gonna see a rejection back down? Or will we see a breakout with the upcoming FOMC? What's your take?

KarYong

We are expecting price to make a move lower towards 1.3150 and 1.3105 in the near-term as a potential retracement. Short-term traders can look for sell opportunities from here as long as price remains below 1.3345.

KarYong

I've been receiving some inquiries if now is a good time to invest in Cathie's ARK Invest with the recent drop? Here's the technical analysis perspective. It's not suggesting any upside yet...

KarYong

Price made an impulsive bounce from this low. As long as price remains above this level, we hold our bullish directional bias. Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of...

KarYong

Price has been developing in a diagonal structure since 13th Nov low and we are expecting price to make a deep pull back from here. From a higher timeframe perspective, price is current near the top of an expanding diagonal structure too, providing us a huge room to the downside.

KarYong

Price developed a strong impulsive reversal from the 1.2927 low and has since been developing as a corrective structure. Price has also retested the 50% fib area around 1.3049. We are expecting price to break out impulsively from here next week with a potential target at the previous high at 1.3420, forming a 3 wave structure to the upside. Disclaimer - This...

KarYong

The crypto market has recently been talked about as a potential inflation hedge asset aside from the commonly accepted asset such as gold. Several banks and payment gateways are starting to open to the crypto market too. While I will be interested to acquire some bitcoin myself, now may not be the best timing. Should price retrace back lower potentially towards...

KarYong

Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.