kwonyoo

kwonyoo

As you see in the chart AU is retracing to 61.8 level which hasn't been retested yet which also aligns with mini uptrend breakout trendline as well. We can expect to short from that point (only enter after bearish reversal candle patterns such as pinbar) Initial TP can be current low and when it breaks the key support zone, we can expect to scale in for next...

kwonyoo

As GJ made double bottom and shot up, it broke a major key resistance and retested multiple times. We can now expect bullish momentum with JPY basket going bearish. Trade once it breaks previous LH and retest to next key resistance zone. Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not more SL to BE too early. It is your...

kwonyoo

As you can see there are lot of orders at the current zone which failed to break and we are currently in bullish trend with pennant breakout bullish and creating bull flag. This trade can go sideways so wait for bullish momentum candle pattern to show to enter the trade. Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not...

kwonyoo

As you can see NU has came back down retested and hit minor support zone and retested major key resistance zone. Expecting to continue lower. Enter trade only if it breaks previous low and retest. Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not more SL to BE too early. It is your choice to get in retracement trades as I...

kwonyoo

GBPUSD has been in downtrend for very long time. Tried to go up after breakout of trend and double bottom, but got rejected once again on daily resistance level and now it broke the minor support and is retesting. Enter trade only if you see bearish momentum when market opens or for safety when it breaks the support that created double bottom. Trade at your own...

kwonyoo

As it broke trend line it retested and went down and came back to retest the resistance zone. I do see possible inverse Head & Shoulder on 4h. This trade is invalid if it does not break the key level support. If it breaks, we will be eating huge pips. Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not more SL to BE too...

kwonyoo

After the breakout of trend AU has failed to move further up and continues bearish. We have strong support area but my view is it will break and continue lower as my view for Dollar index is bullish. I would wait for confirmation, after the break retest and see bearish momentum to enter the trade. Trade at your own risk. If you are in profit, move SL to BE for...

kwonyoo

Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not more SL to BE too early. It is your choice to get in retracement trades as I only trade with the trend.

kwonyoo

GU has been loving these double top and bottom patterns. As you can see on the chart it made huge moves for first waves of double patterns. Currently GU has made another double top on recent resistance zone and expecting to go short next week. Trade is invalid if it closes below D level. Trade at your own risk. If you are in profit, move SL to BE for risk...

kwonyoo

As you can see on Daily chart, EU is creating an inverted head and shoulder. From the last impulse movement, we can see it has rejected 61.8 once but has flipped and going down further. Expecting to reach previous support to retest which lines up with 78.6 level as well to make perfect inverted head & shoulder pattern. Trade is invalid if it falls below 78.6...

kwonyoo

As you can see on Daily chart, market structure has been broken and made new HH last week and is on the way to create HL at 78.6 area. After the breakout of resistance area, it hasn't yet retested as support, so wait until it reaches the support and make bullish momentum to enter the trade. Trade at your own risk. If you are in profit, move SL to BE for risk...

kwonyoo

We have currently broken the bullish channel and waiting for retest to enter for short. Shorting until 61.8-78.6% area which needs to be fully retested on Daily level to enter for long buys. Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not more SL to BE too early. It is your choice to get in retracement trades as I only...

kwonyoo

Currently we have broken previous LH and making bullish market structure. *Fib is on Daily chart from previous swing on Daily Chart view. Golden level of fib 61.8% matches with previous LH and expecting to fall to the point before moving up further. **Be aware it can fall to 78.6% area as well. Currently we have broken the structure of bullish movement and...

kwonyoo

As showing on chart, It is showing huge wicks telling it doesn't want to go bearish but also being rejected on minor resistance creating double top on lower time frame. Therefore, I have two scenarios, if it breaks the minor resistance, wait for retest to go long or if it breaks trendline and support zone, wait for retest to go short. As you can see my bias is...

kwonyoo

As most xxxJPY pairs have been bullish last week, I wonder if next week will be correction week or continuation week. As it broke previous LH but not LL yet, we have to see how market open reacts. If it bounces off the trendline, I would go for long. If it breaks trendline and retests trendline, it will be possible head and shoulder, then I would wait for break...

kwonyoo

As seen on the chart, we had strong bullish momentum and broke our resistance and retested as support, but candle closing without huge bullish momentum, my bias is neutral. If next candle goes over previous red candle, I would enter for long, if it was fakeout and comes back for correction, I would wait for sells. My bias is bullish. Trade at your own risk. If...

kwonyoo

USDCHF has been in consolidation for past few weeks. Wait for clear breakout and retest to enter. My bias is short. Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not more SL to BE too early. It is your choice to get in retracement trades as I only trade with the trend.

kwonyoo

As seen on chart USDCAD has finally broken long term bullish movement and has broken trendline and support zone showing bearish momentum. Waiting for pullback to resistance to retest for long short swing. Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not more SL to BE too early. It is your choice to get in retracement...