Kendrick_Chan

Kendrick_Chan

false breakout at resistance waiting to confirm try to scalp the pullback to previous level

Kendrick_Chan

the inverted head and shoulders is huge a symetric triangle is building as the complex pullback pullack is confirmed to complete when the downward trendline is broken targets for the all-time high for huge profit stop loss at previous swing low in the pullback

Kendrick_Chan Updated 

Fib retracement over 0.618 suggests it could be a new trend V-shape rebound not too ideal, but could be considered as a giant cup the handle is an upper triangle, an ideal pattern target for all-time high if breakout successfully risk-reward ratio is over 3

Kendrick_Chan Updated 

A beautiful downward triangle has formed. A great opportunity to enter a high risk-reward trade if breakout successfully. Adding FOMC meeting on Wednesday. FX:USDJPY

Kendrick_Chan Updated 

If it breaks at 1700, targets at 1610 for a 2.5 risk-reward trade.

Kendrick_Chan Updated 

cup and handle is a low risk high reward pattern see if the contract could drop to $12 if support is broken but beware if too volatile, stop loss may not proctect!

Kendrick_Chan

TVC:US10Y beware negative interest rate is not impossible stay tuned of FOMC meeting tonight if resistance is broken, target for 142

Kendrick_Chan

HSI future forms a wedge making me bias to bearish. Today, it breakouts the previous swing high, EMA50, and a mid-term downward trendline, and immediately drops below, expecting to close as a pinbar. A classic false breakout setting with 5 conflence factors (also considering the fib retracement, and the long-term resistance). A 2.5 risk-reward trade will be enter...