Zhen_Trading

Zhen_Trading

Time to short, PA ranging which means limited down side and better RRR SL 1840 PT 1825, 2x RRR Fundamentally, Hawkish rate hike comments will keep driving USD higher Gold going south. lets see will NFP result trigger the move

Zhen_Trading

Sell Kiwi at Top of today range , 30min chart SL 0.6134 PT 0.6084 2 x RRR

Zhen_Trading

Fundamental - hawkish comment on rate hike (eventually USD will keep going strong) Technically - It about to hit previous Swing High of 1.20XX Action - do not short YET !!!! just YET wait for rejection at 1.20XX

Zhen_Trading Updated 

Double Top on 4 Hr chart , also rejection from testing Day Chart Swing High (last Lower High) SL - 20pip above the Swing High PT - 2x of your SL

Zhen_Trading

interesting to know that most of the gurus goes long / bull bias for the KIWI this week. Anticipating a strong pull back . anyhow , rules is rules, dont get panic when the world is againts you as long as the Price movement didnt show any bullish signal At this point of time , looking at the 4HR chart , it's Bearish. tho it's testing and range at 50% FR. Hmm...

Zhen_Trading Updated 

Rejection on 50% FR, also on the new Lower High structure form , my fav technic to go short when rejection + retest + Lower High SL 40 pip , TP 0.69 3xRR

Zhen_Trading Updated 

What did you see ? , I see H&S and continuously Lower Low Lower High formation good to sell here as price stop moving up , probably another lower High As usual SL 30 pip , PT 1.23

Zhen_Trading

Will current movement make a rebound to 0.71, im not making a call nor sell just wait PA to go much lower, wait for a rebound from there then enter long position, higher RR as compare to current level ( now is quite risky, can easily stop out if SL is < 50 pip)

Zhen_Trading Updated 

SL 1.2420 PT 1.2600 I see a short term uptrend and PA just retest 61.8% FR and fail to break below. Signal for Long entry

Zhen_Trading Updated 

the pairing just rebound from 61.8% FR from recent uptrend. entry Long at this Higher Low level. SL - 109.55 (Low of the recent structure, to keep up the momentum , this low shouldn't have broken) PT - 111.60 (previous peak retest) Despite seeing it as Range - it's still at the low side, buy at low definitely have more RR

Zhen_Trading Updated 

PT 1.26 , SL 50 pip PA stop forming higher , time to follow the momentum flow

Zhen_Trading Updated 

Buy at Market , SL 30 pip at 0.6902, Profit taking at range high 0.7100

Zhen_Trading

Buy NZDUSD 4hr TF , recent corrective wave fail to break below structural support (2nd Higher Low which just form) SL 30pip , Profit Target to observe momentum at next resistance level 0.724

Zhen_Trading Updated 

weekly timeframe - double top forming daily timeframe - M pattern and recent rebound has failed to test resistance 4hr time freame - entry level when price rejection to the upside. Profit Target - Daily Support as drawn SL 20 pip 0.722

Zhen_Trading Updated 

Monthly time frame - it hits support level (sign of reversal) Weekly time frame - double doji form (signaling losing buying momentum) Daily time frame - it just forming higher high and retesting previous candle resistance (now the support) 4Hr time frame - entry signal where PA stop moving to range support but open up and moving up instead. SL 40 pip , TP1 1.214

Zhen_Trading

Buy at market 1.248+ , SL 50 pip below . Profit target let it run . RRR at keast 2. Impulsive Charting like this without any major fundamental support will not sustain, indeed USD is gaining strength , it will break the down trend.

Zhen_Trading

PA rebound from support , Long , SL 30 pip , PT next Resistance 0.7760

Zhen_Trading Updated 

retrace from Support , Buy , TP 200pip , No SL , observe the close of existing Candle , if it not close above previous candle , exit