PLFX89

PLFX89

Theory testing

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For theory testing only. Please show me where I can fix my countings. Thanks

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Confluence zone 1. Strong resistance 2. Top of ascending channel 3. Oversold Therefore, look for sell setup

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NZDUSD - Daily Timeframe - Near Full target of reverse Head and Shoulder pattern. - Wait for bearish signal to short Link to the below lower timeframe I posted previously

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AUDJPY - Downtrend resume

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GBPCAD - weakened uptrend - look for sell

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NZDUSD - POTENTIAL SELL - NZDUSD is moving in sideway up, which signal a weaken uptrend. Look to sell to the resistance at 0.644

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AUDUSD - POSSIBLE SELL -WAIT FOR BEARISH SIGNAL

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Continue to go long when this pair retrace back to D1 support on the chart. Fundamental: - RBA is expected to pause rate cut for this November. However, future rate cut is more cloudy as 0.75% is already the lowest level of rate in Aus history. Moreover, RBA need the previous rate cut to kick in the economy to avoid cutting rate to fast and too hard. Therefore, I...

PLFX89 Updated 

AUD is strongly bullish recently due to the improve risk sentiment. As global economy is showing sign of recovery, FED confirm that US economy is in good shape, AUD continue to enjoy this bullish move for at least till next week. However, with several data come out next week, there might be some volatility for AUD pairs. Most important is the rate decision....

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Bearish Market structure in D1 => look for Bearish Confirmation when AUDNZD moving toward interest zone.

PLFX89 Updated 

Open long at orange box ( with bearish confirmation) Current H4 trend: Upside Above support

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Global monetary policy has turned from hiking rate to rate cut and QE. Only BOE and BOC have not followed these rate cut path; however, given recent data miss in Q3, I am expecting these 2 central banks will cut rate in the near future. XAUUSD not only react with news of trade wars (US - China) or Brexit, it also react with the market expectation of more rate...

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Due to better risk sentiment, commodities currency like NZD gain quite some strength in recent weeks. In this pair, we can clearly see that NZDJPY is lingering around strong resistance. Wait for breakout then play the breakout trade.

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Follow the previous idea of AUDCHF, this pair is clearly forming reversal pattern in lower time frame which look like round bottom pattern or even cup and handle. Prepare to buy for break out.

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Follow the previous idea of EURAUD, its has a very nice fall from the top of the rising wedge. Given its price action, EURAUD will continue to fall to the nearest resistance. So therefore, no buy for this pair, even to anticipate a retracement coming up.

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GBPJPY enjoy a great short-term push up due to Brexit hope. However, as Brexit come to an end, GBP pairs might lost it market drivers to push it up more and profit taking action from GBP buyers will take place. On the other hand, if Brexit is not successful, GBP pairs will be forced to move down again. Either way, wait to sell GBP pairs might be a good choice in...

PLFX89 Updated 

This is the bigger picture of the idea related below. Reverse SHS is visible at D1, look at lower time frame H4 for entry.