Hi Traders, here comes another market breakdown on USDJPY. UJ has been in an extremely strong long-term uptrend, market has rallied nearly 2700+ pips since the bottom on Dec 2020. One of the principle i always remind myself, is that overpriced can remain expensive, undervalued can remain cheap. When the market is constantly creating new highs defending all minor/...
Hi Traders, here comes another market breakdown on GBPUSD . The price movements on GU has been relatively choppy, so let's just pay attention to how price reacts around 1.26! If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content. Let me know your thoughts on GU in the comments below. Take...
Hi Traders, here comes another workshop. Today's topic is just something that randomly popped up in my head, just thought of sharing some of my thought process on Trendline Break. Most beginner traders seem to put way too much attention into trendline break, but from my personal experience, the ONLY information that you could extract from a Trendline Break...
Hi Traders, here comes another market breakdown on Bitcoin. Bitcoin again had another false break, pushed towards 32,000 area, faced immediate opposite pressure plummeted back into the 28,000 - 31,000 range. Where is it heading now? If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content. Let...
Hi Traders, here comes another market breakdown on SPX. In the previous SPX analysis, i talked about potential long opportunity at 3900 based on the Double-Bottom setup, with 4150 as our primary target, which was actually hit within several days. What's next now? If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx...
Hi Traders, here comes another market breakdown on GBPJPY . Yesterday GJ had some strong push towards the upside, further validating the nice bounce at 157.40 previous Breakout zone. So, what should you do next? If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content. Let me know your thoughts...
Hi Traders, here comes another market breakdown on GBPUSD. Yesterday GU had another strong sell-off for over 80 pips, what should you do next? If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content. Let me know your thoughts on GU in the comments below. Take care and trade safe. All the...
Hello Traders. It's been awhile since I last uploaded a workshop. Myself as a full-time trader, to be frank, the past 6 months have been tough for my personally. I've gone through some really bad drawdowns, mostly due to my external pressure that's causing me to have lower performance. In today's topic, I am going to talk about "Drawdowns", which is not...
GBPCAD has been in a strong downtrend since Feb 2022, plummeted over 1600++ pips from 1.7360 to the current price around 1.6137. Earlier and mid this month, price tested 1.58 support zone twice and failed, since then price has been in some sort of Rollover, slowly grinding to the upside. As the 18ema & 50ema on the 4h chart has been crossed, I will be favouring...
The S&P500 and the overall stock markets has been on a downfall since Jan 2022, particularly tech stocks. The decline is probably due to amount of distractions in the market (inflation, interest rates, Ukraine v Russia conflict, etc). From the technical perspective, if we measure the high to the recent low on 20th May, it's exactly around -20% decline (-20.8% to...
In the recent analysis, i mentioned that i've shifted my Bias from Bearish to Bullish since May 2022 due to my Price Action reading. If you've missed out my previous analysis feel free to scroll back up. Yesterday, I called another buying opportunity as price bounced off the EMAs cushion indicating short-term Bullish momentum. I believe our setup will likely to...
AU has been in a healthy down trend since April 2022, when price peaked around 0.7620, then faced some mid to long-term selling pressure up until today. The low was around 0.6840, which was respectively Sept 2015 & Jan 2016 lows. The biggest question: Is this just another pullback - short scenario OR is the market going to reverse? As the market is currently...
In the recent analysis, i mentioned that i've shifted my Bias from Bearish to Bullish since May 2022 due to my Price Action reading. If you scroll back into the 12th May, you'll noticed that there was a Rollover, which indicate some short-term indecision in the market. 17th - 18th May was when the short-term direction shift has confirmed based on the simple EMAs...
In yesterday's analysis, I talked about possible long setup as price shows strength attempting to break above 1860 previous minor resistance structure. I also talked about the 18ema & 50ema crossed on Monday, which indicate possible short-term to mid-term trend shift. As price finds strength holding above 1860, a push to 1890 - 1900 is possible. Here are a few...
Bitcoin has been in a healthy downtrend, despite the optimism from the crowds. Yesterday, price attempted to re-visit 30,600 area, but faced immediate selling pressure, pushed back towards the lows of the current range at 28,600 - 29,000. As for now, the 4h EMAs are well intact - 18ema below 50ema, the primary sign of a healthy downtrend. As long as the EMAs...
Yesterday I talked about the long setup as price formed a tight consolidation - a sign of Price Acceptance. Price then went from 1846 pushed all the way through 1865 (yesterday's high). What's really interesting now is the 18ema & 50ema cross on the 4h chart. Bear in mind, we MUST never just trade off one confirmation especially when it comes to the reliability...
DXY has been on a bull run since early this year, lowest at 89.20 to the peak at 104. What's really interesting recently was the recent break above 103, which was respectively the highs since 2016, then price again re-visited 103 in 2020 March. Are we looking at some longer-term Dollar strength, or was it a false break at 103? On the 4h chart we got the EMAs...
GU has been on a healthy downtrend since May 2022, when price peaked at, formed a Double-Top rejected 1.42, since then priced has plummeted over 2000+ pips, the recent low was 1.2160. I’ve been following the sells until 1.2180 area when i noticed some indecision & roll-over on GU, i’ve then turned short-term bullish when price formed higher low on the LTF...