My bias remain unchanged on USDCAD, 1.30 level still holding even tough was violated by the change of sentiment on Monday trading session. look for long entry at the retest of the 200MA or the rectangle area. _________________________________________________________________________________________________________________________________________ Traders! if you...
On Monday trading session we saw a strong rejection below 1.19 level and on a daily time frame we also can see a bearish engulf closed below the same level which indicate a downside move will take place, watch for a continuation move when sellers manage to break below the bearish flag pattern which forming just above 1.18...
Currently price trading slightly below 1.1900 major level which potentially will give us reversal for a short opportunity if we can see a high test closed below 1.1900 level. Maybe its too early to call out USD strength but do keep this one in your watch...
Price trading above 1.3000 major level and potentially will give us a upside reversal, as if we look to the left we saw a sharp reversal to the upside took place after a low test candle closed on the 1st of Sep 2020. RSI shown a divergence which can give us a good confluence of entry area....
Following my USDCAD short plan earlier, I will support with long CADJPY when the the price trading above 80.00 level. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the...
Weekly closed below 1.32 which validate the bearish structure from Sep 2020 high and we also see last week new CAD positions added based on the COT report, I will look for a short opportunity at the retest of the Pivot level. The idea invalidated when the price trading above...
A clear Inverted Head & Shoulder pattern printed above 123.000 level which indicate the upside continuation likely will continue, I will look for a long opportunity at the breakout of the bullish flag, The idea invalidated if sellers manage to break below the ascending...
After a sell off last week seller manage to break below 0.71 major level, however earlier we saw buyer slowly pushing the price to trade back above 0.71 level. I will look for a long opportunity as long as price trading above this...
A clear bullish structure seen after buyers manage to break above the 1.3250 neckline two weeks ago, currently we are seeing a potential retest for a new support level. I will look for a rejection or a low test daily closed above the highlighted area before placing long...
Currently price trading sideways at the old demand area which slightly below the channel resistance and COT report show a massive LONG positions being reduce which lower the upside momentum, Looking at further rejections below 1.1750 to confirm the short...
Similar with Kiwi-dollar earlier plan, COT also show a more short positions added last week while technically price trading at the based area that align with Fibonacci retracement, I will look for high test candle closed below based area to confirm the short...
Kiwi has been trading in a range from 0.6500 support to 0.6800 resistance, and currently price trading at the based area which align with the 50% fibo retracement as well as the Pivot level, Looking at the COT report we can see that massive short position added last week which downside momentum will come to play anytime soon. I will look for a high test candle...
Price under heavy bearish pressure after failed to closed above minor based area on the highlighted zone, I will wait for the price trading below the ascending triangle to validate the short entry. _________________________________________________________________________________________________________________________________________ Traders! if you like my...
Mirroring EURUSD upside move since earlier this week, EURAUD however remain consolidate in a tight correction channel, 1.6500 major level will be the last barrier for the bull to continue its upside move. Wait until price trading above the 1.6500 level to open long...
Gold trading slightly below the broken support level at $1900.00 level, the next confluence to validate this idea is a high test candle closed below the highlighted area. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same...
Looking at the COT data, the net LONG positions are still far greater compare to the net SHORT positions, Technical wise currently price trading at the previous broken demand area which near the descending resistance channel. Upside continuation in...
Another long opportunity might available if we can see the break above the neck line of minor inverted head and shoulder pattern. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we can...
We are seeing a reversal above 0.65000 major level which supported by a break above intra-day demand area, Long opportunity remain valid as long as the price trading above 0.6550 _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the...