andrewman520

andrewman520

short

andrewman520

Market has been priced out a lot of uncertainty of the GBPUSD. No matter the outcome of the Aricle 50. The market need a big rebound.

andrewman520

Buy limit order setup at 101.35-101.4. SL control at 99.87 With the daily chart, the downside traend has been de-accelerate with lower slope side way move from mid of June. This is concurrent with BOJ's policy. Time cycle indicate the that the price is going to have some changes. RSI and MACD give you a good idea of long term divergence which add the...

andrewman520 Updated 

Long on the break out of 49.15 to see if trend pick up or we should see a cosolidation range trading. So if there is no decessive break out, place a sell limit order to sell at the previous high and target the price to test the low at 46. I will take the break out as the focus since fundamental there is a lot of news regarding the freeze of the production output.

andrewman520 Updated 

This is 1 hour techinical analysis. Very tight SL range, but give you very good RR. H&S PATTERN formed and the price objective hit. MACD give you a short term momentum bearish and the RSI give you a divergence signal. Good luck trading.

andrewman520

After the plum of the USDJPY due to unexpected weak US data, the USDJPY is in the oversold status. While I see RSI is oversold and MACD is about to cross up with the upside momentum. The stop loss level at the previous break out level and it should be reasonable supported. Good luck trading

andrewman520 Updated 

Pure technical analysis with any fundamental thinking. Indicator give you a good upside momentum in the down trend. So there will be some limit for the price to go very high. Meanwhile, price pattern give you a very good indication to go long for the 1 week time horizon.

andrewman520

Good Fibo level 50% retracement from previous wave. And the price been consolidated to form a square area and tested 3 times the bottom. RSI show divergence with price and the measuring price objective from previous chart is reached. Good to go long. Good trading day. Guy

andrewman520 Updated 

Two double chart pattern break out and the measuring price objective is reached and over valued on the hourly chart. Hence set up a double position trade to long EURUSD. The reliability of the trade is not too high due to the hourly chart and the VOL tend to be high. Stop loss at 1.1138 , the break out of the current channel.

andrewman520

While we look at the bigger picture, Gold is ranging within the area from 1300-1370. The short term structure give us a good RR long trade to benefit from the divergence of the RSI + MACD with the price.

andrewman520 Updated 

GOOD RR, tonight have the US data, no one knows how it goes. just purly technical analysis.

andrewman520 Updated 

formating of the down channel and the break out of the major up trend while RSI might rebounce to mid 50 point and continue to be lower.

andrewman520 Updated 

Once break out the 100, there is momentum to go down. however, if the support hold, potentially can go up to 101.5 break out the triangle.

andrewman520 Updated 

Triangle pattern didn't give too much clue on the direction of the price. the MACD still hold up to the momentum. Control the price of entry will give you a better edge.

andrewman520 Updated 

Daily chart inside trading range and towards the uppper part of the channel and momentum dry out. Now is more profit taking with small candle. Sliding towards the 1.30 target as first target.

andrewman520

While Thursday morning, the FOMC is releasing out the Target interest rate. The market is price in 50/50 of the possibility of rising interest rate. Based on the weekly chart and this dayily chart, the DXY is showing relative over sold and divergence with the price. So two indicator give you the exact same signal for divergence. and the fundamentally supporting...

andrewman520 Updated 

While this is a good technical signal for EURUSD to go south after the prolong USD soften. Trend is break out on the upper side, while the MACD and VOL give you double confirmation on the divergence. Foundamentally i would expect USD to recover some loss, hence the policy difference will enhance the down trend. stay alert!

andrewman520 Updated 

For the long run, Oil might have changed the direction to the uppper side. But before it can quickly run up, it has to fall again to reflect the fundamental and the sentiment. Triangle show me a nearly completion, if you dare to take the risk, you can short now and nice risk reward. But I am expecting it will have a final rally before it fall again deeply....