asiansupermarket

asiansupermarket Updated 

Range is tightening, moving averages are flat, lots of wicks to show the boundary of the wedge. This all shows indication of an impending breakout.

asiansupermarket Updated 

Price range is getting smaller showing the possibility of a breakout. Moving averages are all tight so not sure how far it will move; it could be indicative of a big move if they all act as support/resistance.

asiansupermarket Updated 

Candles being printed above the wedge to the upside; previously fake-out so a stop at break even will be necessary.

asiansupermarket Updated 

Similar to the NZDUSD breakout play; we have consolidation along the upper edge of the wedge. This is a clear indication of impending breakout to the upside. When the price hits that first moving average we will move the stop up to break even to lock in potential losses.

asiansupermarket Updated 

Wedge closing off in the next few sessions. Best possible trade is wait for the clear breakout which can be shown by a solid candle printed past the wedge or consolidation along the edge of the wedge then a breakout.

asiansupermarket Updated 

Candle pattern shows strong reversal right back through the reversal zone.

asiansupermarket

Price range is getting tighter in the reversal zone, which means a breakout is likely to occur. The trade is long bias because of the moving averages above the PRZ; I expect a bounce and touch of the 8 and 20 day MA. If the price goes south past the triangle we can expect a move to at least 1.06150 over the next couple sessions.

asiansupermarket Updated 

20 day SMA being hit by a long bull run with no retracement. Price will likely push past then bounce back to the 8 day EMA. Stop is just outside of the price reversal zone.

asiansupermarket Updated 

Buying on the bottom of the range near a support area, betting on the price bouncing back to the reversal zone

asiansupermarket

Price tested high and got rejected; Now we are on a swing lower and if it crosses the price reversal zone we can expect a breakout down.

asiansupermarket

Short betting that the resistance zone will hold. Tight stop and put on a trail as soon as we leave the zone towards profit.

asiansupermarket Updated 

short term trade, hit rate 65-70% if confirmed on breakout.

asiansupermarket

Possible head and shoulders forming but also a topping pattern of lower highs and doji candles.

asiansupermarket

we are seeing a topping pattern that continues to get tested. Best way to play it is to bet on past patterns repeating itself until the inevitable breakout.

asiansupermarket

bottom trend of the wedge is holding as support, possible to play a short term (relatively) long for a bounce to the upper bound but best RR is waiting for breakout at the close.

asiansupermarket

Lack of data on this monday so price is unlikely to move past support, stop out below price reversal zone.

asiansupermarket

AUDCAD wants to test 0.99377 again; macd just crossed and a strong momentum push is in action.

asiansupermarket

short off recent 2wk highs for a retracement down.