LittleSovi

LittleSovi

China has been buying it's currencies while it may in the short run increase it's value against dollar, the underlying issue with yuan is the fundamentals of chinese commerce has yet to change. Property investment still not resolved in the case where it is expensive but there is no demand for the number of supply. Failure to pay debts. Aggressive actions...

LittleSovi

No change of character yet so buying dollar is profitable for now. Also try visiting tha banks if your into spot currencies. While the rest of the world, dollar is increasing, in Philippines so far we are doing well.

LittleSovi

There is a test of moving up by tapping the high, however it is only done once, if another A to B move passes it and goes up, we will see a bullish dolar instead of bear. For now we wait and see.

LittleSovi

Looking forward to bullish this December because of business flourishing because of fundamentals by people demanding more from suppliers by orderering more goods and services because of the holidays.

LittleSovi

As the atr 10 for daily is broken, trend may now be in the hands of dollar. So expect some good shorts. This is also normal at near end of the month so, price will retrace from the highest high.

LittleSovi

MONTHLY, WEEKLY, DAILY, price is above it. Careful of shorting. You may wait the volume of shorts to fizzle and buy the dip. Try observing the first 4 4h candles and see how the 5th and 6th react and you can take your positions on the 5th.

LittleSovi

Because price is under the opening of MWD, one should be careful of ordering against the bias. Further past daily bar is also bearish. And low of yesterday was tapped. If you are a trader, you probably would love to sell. If you are an investor, you would buy and hold dollar.

LittleSovi

Seems euro so far is bullish based on yearly opening. That was such a strong floor and barrier. But intraday and daily, we can still choose safe buys upon market structure breaks. So beware if price goes down. Buy on the reversals.

LittleSovi

Price is currently bouncing on the 50 and 200 ema after a golden cross happened some time ago. However the price ended last day on a bear closing below the low of the previous candle. Expectation is next daily should atleast tap the low of the latest candle before we can have a prediction where it goes next. Meaning dollar may still go lower before it bounces...

LittleSovi

Price is closing the gap above. We have expected this for some time. We have not confirmed a monthly low yet since price was a strong bear before. For a low to form, we need atleast 2 bars of the same color. So, we expect the nov bar to be bullish as it ends. So price above the open is key. Your strategy, knowing this is a retrace up and eventually will go...

LittleSovi

Monthly to 4h. Pay attention to price in 4h going against the grain and when it returns to the main bias, this is where you should consider in your usd pair to order in favor of used. As usd is king, it pays to react properly for it.

LittleSovi

1M to 4h is Bear, except for bullish daily. So once can focus on trading the bullish if your ltf changes from bear to bull and careful of the 4h ceiling. And as it goes bullish, one can trade the bear if it changes character. These are safer levels to trade at. As the month is ending. Except strong changes.

LittleSovi

As December nears, and more people come, i expect a breakout to the long because of influx of Philippines currency from abroad and scheduled parties and events in the Philippines. Ber season is good for business.

LittleSovi

Price will go north as the south was swept. Once north is swept, we will see. For the now the main bias is north. Why? Geopolitical reasons. War

LittleSovi

Price may bounce up here. As price previously did a liquidity sweep. It may take a while do, atleast before the year ends.

LittleSovi

Price could go here and if it does, it may bounce down but it has room to go up before going down. Best to observe caution since price has not really touched the floor.

LittleSovi

Price may bounce from here and up. It may be the best time to buy, but do so at your own discretion. Since htf moves erratic in the short run while smooth in the long run.

LittleSovi

Best time to buy is now where price shows already oversold. Buy and hold if you can.