kwonyoo

kwonyoo

EU was bullish last week and have made double top. Therefore, I am short as of now but as you can see we need to break the trendline to go lower. Other scenario is the dotted line is support that was never tested, so it might retest the support and continue bullish breaking the resistance, if so, wait for retest the resistance turned to support to go long. Trade...

kwonyoo

Currently have exited bearish and started bullish movement with break of previous LH. As shown on the chart, we are currently running in uptrend channel and ended with rejection of top channel. Expecting to pullback to the key level to move the next resistance zone. Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not more...

kwonyoo

As I am still bullish with USDCAD, it broke triangle upside and came back to retest the neckline. Trade is invalid if it breaks the neckline and daily trendline. 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 GU is trying to reach daily trend for second correction to create third impulse movement to downside, we can expect GU come up further to grab the liquidity between 61.8-78.6 before another falling movement before swifting to uptrend. 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

AU has passed 61.8% and on the way to 78.6% fib level where all the liquidity stands. Before making another short impulse, it will grab all the liquidity from 78.6% before falling. 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...

kwonyoo

EURUSD has been in downtrend for awhile. Each breakout of falling wedge has made correction to 120-130 pips after breakout. Which also lines up with 78.6% of fib level. Expecting EURUSD to pull up 50+ more pips when market opens for correction for next impulse to downside. Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do...

kwonyoo

Fib level is based on Daily chart. As you can see on 1h, it broke the resistance and some of you might wait till it retests neckline to go long. If you look at the fib level, 61.8% is where it never retested after impulse, thus I am waiting till it makes the correction to 61.8% to short and even 61.8% hasn't broken higher time frame LH so it is still bearish after...

kwonyoo

EC has been rejected from minor resistance area and will retrace to 61.8% which lines up with next minor support area before moving up further. 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

UC has shown potential to go up more and closed below the minor support area creating bearish candle pattern. It recently broke major resistance level that turn to support and has not yet tested. Support level is at 38.2% of Fib level. Expecting to retrace before going up further. Trade at your own risk. If you are in profit, move SL to BE for risk free trade but...

kwonyoo

NU has broken out consolidation bearish and yet have retested support now turned to resistance. Resistance is at 50% of retracement and expecting to move further down. 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 bearish like AU EU and NU for awhile now. While forming Falling Wedge on Daily, it showed some rejection at the major support area before market close this week. Expecting it to retrace to 61.8-78.6% which lines up with recent zone that became resistance that hasn't been tested. Trade at your own risk. If you are in profit, move SL to BE for risk...

kwonyoo

Pennant broke bearish and retested. Double bottom failed. Broke support and retested. Yes.. my bias is still Bearish. Looking for short opportunities. Take initial TP at the next support but my view is little more below. 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.

kwonyoo

AU had made new LL and expecting for retracement to 50-61.8 fib level. (Personal thoughts, at 50%) 50% Fib level matches with previous support as you can see, and -27% matches the major support zone. -27% is my TP level but if it breaks the major support, we can expect it to fall till next support zone. Trade at your own risk. If you are in profit, move SL to...

kwonyoo

This week has been bearish for US30 and after the fall from Bear Flag, my view is to break the 4h uptrend line and break below to recent HL. You may take TP at each support and trade at your own risk.

kwonyoo

USDCAD has been bullish since June and is still in uptrend. Simply follow the trend as trend is your best friend. TP1 is recent high and TP 2 is next key resistance that has not been tested yet.

kwonyoo

GU has failed to follow bull flag pattern and broke below and have retested 38.2% fib level and again shows bearish momentum.

kwonyoo

EU has brokeout and retested on 50% fib level which also is trendline of pennant. Short to 1.16

kwonyoo

AU has been falling for over a month now and is still in bearish momentum. Next stop will be 0.71000