OFPA_FX

OFPA_FX

After a strong bullish run last Fri, it loses steam towards the end of the day and ended at the mid of the D1 candle. That's a first sign of bearishness. Looking to the left, you would have notice the bull move was towards a W1 SZ. The whole of this week see price slowly drifted lower. Currently we see a H4 reaction to a D1 DZ /Monthly low. If the current H4 close...

OFPA_FX

Since 2 weeks ago, price has been making higher high/higher low. Am looking to LONG at last swing low. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise...

OFPA_FX

Fri see a rejection of a D1 SZ stretching all the way back to 6th May with an H4 impulse move lower and close near the low of the day. Will be looking for a rejection of the newly form H4 SZ to go SHORT DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability...

OFPA_FX

As I had mentioned in my previous post, price is coming into a SZ and a QML. On Thu, Bulls make an assault on 2 months high but fail badly with Bears pushing price down strongly on Fri. Is this a start of a down trend or just a pull back? In the mean time, some money can be make riding the Bear wave. Will be looking to sell the pull back.

OFPA_FX

After a strong bullish start to the week, price seem to stall on Thu. Interestingly, this level is in the weekly & daily SZ. Fri saw a H4 impulse move down below Thu low. That's the first sign of bearishness. It was later confirm that Bear is trying to take control when price retrace back and show rejection of the intra day high, eventually closing near the low of...

OFPA_FX

The whole of Nov see AUDUSD Bears in control. The start of Dec see a strong bullish push follow by a bullish flag and another bullish push on Wed. Interestingly, this bullish push is right into a D1 SZ. Could this be a bull trap? Coincidentally, we are at a QML stretching all the way to 12th Sep. Will be watching for a SHORT opportunity subjecting to further...

OFPA_FX

After consolidating for 10 days ranging between 1.3255-1.3328, price make a decisive break below on Wed, breaching 2 weeks low in the process. But on Fri, buoyed by NFP, we see USDCAD recover. I see market still bearish USDCAD and identify 2 area(FZ/QML & DZ above) as an area of interest to go SHORT DISCLAIMER: Any opinions, analyses discussed in this...

OFPA_FX

The start of the week see Bulls launching an assault on 5 weeks high. Twice it fail(Tue & Thu). Fri we see Bears come back strongly and close at the low, erasing most of the gain of the week. I am looking to join the SHORT at the highlighted area. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not...

OFPA_FX

The week started with a bang, a strong bullish move to challenge 2 weeks high but failed and close to the low on Wed. On Thu, the Bulls launched another assault at the peak and manage to close at the high. But Bears have other ideas. On Fri, we see the Bears took control and push the price past 3 days low. I see a SHORT opportunity at the FZ(Flip Zone) or the...

OFPA_FX

Interestingly, CADCHF is showing the same price action as CADJPY. Do see my CADJPY post for the analysis DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability, including without limitation, to any loss of profit, which may arise directly or indirectly from...

OFPA_FX

The week starts with a bearish move that remove all the gain from the week before. But price rebounded strongly. On Thu, we see a reverse hammer that show rejection of 3 weeks high. That's the first sign of trouble for the bull. Fri close to the low is an indication that the bear has regain control. The highlighted area is where I will be looking to join the...

OFPA_FX

After a strong bearish move last Fri, this week we see it reversing all it losses. What's interesting is that Thu we see some buying frenzy but it carry no momentum to go higher. The result: a rejection of the 2 weeks high. Is it evidence that bull is going to lose control? Further evidence needed to go SHORT

OFPA_FX

After a strong down move from last week which broke a structure low, we see price rebounded strongly this week. I see overall trend still down. Price might reverse back at the QML or the D1 SZ.

OFPA_FX

Tue saw a rejection of the SZ follow by the Bull mounting an attack again on Wed but fail as can be seen on Thu when price drift lower. At present, there seen to be a Bear flag forming with a potential trigger for SHORT to the DZ highlighted

OFPA_FX

After a strong bearish move, price are now retreating. But fear not. I think Bear is still control and this pull back present a good opportunity to sell at a good price

OFPA_FX

After seeing 2 days of indecision candle with sign of distribution, Fri see an attempt to set new high with a H4 impulse move. That fail and price ended lower than the 50 percentile of the candle. I am looking for a rejection of Fri high and a D1 bearish close to confirm the Bear has taken over.

OFPA_FX Updated 

EURNZD seem to be bottoming out. There seem to be 2 days of selling frenzy but price are not making much headway going south. Aggressive traders can go LONG now. But better to wait for further confirmation

OFPA_FX

Wed see price rejecting the proximal line of a SZ stretching way back to 31st May. This is follow by a doji and another rejection on Fri. JPY crosses are showing indecision as well with AUDJPY and CHFJPY already showing contraction. I am seeing USDJPY going down in the coming week but further confirmation needed