lyl89

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Last visit Joined 10 months ago Singapore
Analyse. Plan. Execute. Lose small, win BIG.
Markets Allocation
87 % forex 13 % other
Top Mentioned Symbols
USDJPY 12% | 5 EURUSD 10% | 4 AUDUSD 10% | 4 NZDUSD 10% | 4
lyl89 lyl89 GBPUSD, 60, Short , 21 hours ago
GBPUSD: GBPUSD - Butterfly Pattern after Bat Pattern on H1 Chart
62 0 9
GBPUSD, 60 Short
GBPUSD - Butterfly Pattern after Bat Pattern on H1 Chart

The bat pattern in yellow has already completed and reacted and reached TP1 at around 1.2446, but hasn't hit TP2 indicated by the purple line, cheers for those who have already locked in some profits. However, I spotted a possible butterfly pattern forming soon around 1.2465. At the same time, RSI is on its way to overbought level. R:R at 1.7 (TP1) and 3 ...

lyl89 lyl89 AUDNZD, D, Short , 3 days ago
AUDNZD: AUDNZD - Bearish Shark Pattern on Daily Chart (2 PRZs)
22 0 4
AUDNZD, D Short
AUDNZD - Bearish Shark Pattern on Daily Chart (2 PRZs)

A shark pattern might be completing next week. This shark pattern has 2 PRZs, do take note. RSI is about to reach overbought level. In my opinion, PRZ 1 seems to be a strong resistance level, where price is more likely to retrace. Excellent R:R PRZ 1 : 3.8 (TP1) and 6.8 (TP2) PRZ 2 : 4.1 (TP1) and 7.3 (TP2) Will update with upcoming news that affect AUDNZD and ...

lyl89 lyl89 USDJPY, 60, Long , 7 days ago
USDJPY: USDJPY - Bullish Bat on H1 Chart
61 0 9
USDJPY, 60 Long
USDJPY - Bullish Bat on H1 Chart

A bat pattern might be completing soon. RSI is diving to oversold level soon as well. Reasonable R:R at 1 (TP1) and 1.8 (TP2). Price alert has been set in PRZ, will update if pattern completes.

lyl89 lyl89 AUDUSD, 60, Short , 8 days ago
AUDUSD: AUDUSD - Bearish Gartley & Butterfly Completed on H1 Chart
73 2 11
AUDUSD, 60 Short
AUDUSD - Bearish Gartley & Butterfly Completed on H1 Chart

Slightly late when I spotted this, both patterns have completed and price has started to retrace. PRZ for Gartley in light blue, PRZ for Butterfly (in Purple) RSI is showing bearish divergence. DO NOTE : Looking at CFTC FX Commitments of Traders released on 10 Feb 2017: - AUD long 17K vs 12K long last week. Longs increase by 5K - Australian dollar net longs ...

lyl89 lyl89 XAUUSD, D, Long , 12 days ago
XAUUSD: Trump Fears Seen Benefiting Gold Bulls
114 0 7
XAUUSD, D Long
Trump Fears Seen Benefiting Gold Bulls

Quoted from Bloomberg Bullion has climbed 8 percent this year as a weaker dollar combined with investor concerns over Trump’s presidency. Gold’s rally this week took it above its 100-day moving average, a sign to some traders and analysts who study chart patterns that prices may rise further. Traders are “seeking some safety in gold,” Jeffrey Nichols, a senior ...

lyl89 lyl89 EURUSD, 60, Long , 12 days ago
EURUSD: EURUSD - Bullish Bat Pattern Completed on H1 Chart
84 0 7
EURUSD, 60 Long
EURUSD - Bullish Bat Pattern Completed on H1 Chart

- Bat Pattern has completed with price hitting PRZ. - RSI is at oversold level. - Waiting for next hour candle to see if RSI shows bullish divergence before deciding.

lyl89 lyl89 NZDUSD, D, Short , 14 days ago
NZDUSD: NZDUSD - Bearish Shark Pattern on Daily Chart (Very good R:R)
86 1 5
NZDUSD, D Short
NZDUSD - Bearish Shark Pattern on Daily Chart (Very good R:R)

We have a number of high impact news for NZD and AUD this week, especially interest rate decisions for AUD tomorrow, NZD on Thursday. This might determine the completion of the shark pattern, which in this case, only has 1 valid PRZ. Shark patterns always have very reasonable risk/reward ratio. The R:R for this pattern is at 4.7 (TP1) and 8.6 (TP2). Price alerts ...

lyl89 lyl89 NZDJPY, D, Short , a month ago
NZDJPY: NZDJPY - Bearish Bat Pattern on Daily Chart
61 2 4
NZDJPY, D Short
NZDJPY - Bearish Bat Pattern on Daily Chart

A bearish bat pattern seem to be completing. RSI is on its way to overbought level. The PRZ is at weekly resistance level, which might have more potential of a reversal if price hits PRZ. R:R at 1.1 (TP1 : 38.2% retracement of AD) and 1.9 (TP2 : 61.8% retracement of AD). Traders do take note : I am looking at the daily chart, SL and TP is much wider, position ...

lyl89 lyl89 NZDUSD, 15, Short , a month ago
NZDUSD: NZDUSD - Bearish Bat Pattern on 15min Chart
57 0 6
NZDUSD, 15 Short
NZDUSD - Bearish Bat Pattern on 15min Chart

Short term trade here, bat pattern completing soon. Slightly higher risk for this setup though. R : R at 0.9 (TP1) and 1.5 (TP2).

lyl89 lyl89 EURUSD, 60, Short , a month ago
EURUSD: EURUSD - Bearish Butterfly Pattern on H1 Chart
71 0 5
EURUSD, 60 Short
EURUSD - Bearish Butterfly Pattern on H1 Chart

A butterfly pattern might be forming at the top of the resistance trendline. RSI is on its way to overbought level. Good Risk:Reward at 3.1 (TP1) and 5.3 (TP2).

lyl89 lyl89 XAUUSD, 60, Short , a month ago
XAUUSD: XAUUSD - Bearish Bat Pattern on H1 Chart
82 0 4
XAUUSD, 60 Short
XAUUSD - Bearish Bat Pattern on H1 Chart

A bearish bat pattern might be completing soon on H1 timeframe. Risk:Reward at 1 (TP1) and 1.8 (TP2). Cross analysis with DXY as they are inversely correlated, a bearish bat pattern might be completing, do refer to the other post on DXY.

lyl89 lyl89 DXY, 60, Long , a month ago
DXY: DXY - Bullish Bat Pattern on H1 Chart
44 0 5
DXY, 60 Long
DXY - Bullish Bat Pattern on H1 Chart

A bullish bat pattern might be completing soon on H1 timeframe. Good Risk:Reward at 1.8 (TP1) and 3 (TP2). Cross analysis with XAUUSD as they are inversely correlated, a bearish bat pattern might be completing, do refer to the other post on XAUUSD.

lyl89 lyl89 EURCHF, 15, Long , 2 months ago
EURCHF: EURCHF - Bullish Bat Pattern on 15min chart
27 0 3
EURCHF, 15 Long
EURCHF - Bullish Bat Pattern on 15min chart

A bat pattern might be completing soon based on the 15 minute chart. RSI is about to hit oversold level. R : R at 1.6 (TP1) and 2.6 (TP2). This will be my last trading idea for 2016 =) Happy trading guys and happy new year!

lyl89 lyl89 XAUUSD, 60, Short , 2 months ago
XAUUSD: XAUUSD - Bearish Bat Pattern Completed on H1 Chart
53 0 5
XAUUSD, 60 Short
XAUUSD - Bearish Bat Pattern Completed on H1 Chart

- Bat pattern completed. - RSI at overbought level, showing bearish divergence. - R:R at 1.2 (TP1) and 2.1 (TP2). Depending on this hour candle's closing. will try to short at PRZ or at market execution.

lyl89 lyl89 NZDUSD, 60, Short , 2 months ago
NZDUSD: NZDUSD - Bat Pattern Completed on H1 chart
27 0 5
NZDUSD, 60 Short
NZDUSD - Bat Pattern Completed on H1 chart

Spotted a pattern which has completed again. Although bat pattern has completed, there is no sign of retracement at the moment. I'm waiting for this hour candle to close and decide again. Once again, smaller time frame yields smaller profits, every profit counts.

lyl89 lyl89 AUDUSD, 60, Short , 2 months ago
AUDUSD: AUDUSD - Bearish Bat Pattern Completed on H1 chart
63 0 5
AUDUSD, 60 Short
AUDUSD - Bearish Bat Pattern Completed on H1 chart

Good timing on this pair, last hour price closed in the PRZ. Current hour candle is showing retracement, similarly for RSI, a bearish divergence from overbought level. AUDUSD has been declining, I will only be taking short positions. I will be shorting if current candle is bearish at the end of this hour.

lyl89 lyl89 USDJPY, 60, Long , 2 months ago
USDJPY: USDJPY - Symmetrical Triangle Breakout
206 0 9
USDJPY, 60 Long
USDJPY - Symmetrical Triangle Breakout

A bullish symmetrical triangle breakout has happened recently and it might be happening again. Things to note: - Established trend should exist (Uptrend in this case) - The triangle should have lower highs and higher lows as indicated. How i trade this breakout : - Entry price placed slightly above previous high of resistance trend line - Stop loss place ...

lyl89 lyl89 USDCAD, D, Long , 2 months ago
USDCAD: USDCAD - Bullish Shark Pattern on Daily Chart
51 0 5
USDCAD, D Long
USDCAD - Bullish Shark Pattern on Daily Chart

Shark patterns ideally have 3 PRZs. This shark pattern has 2 PRZs, where PRZ 1 is invalid IF price goes way beyond that zone. The cut in oil production didn't affect USDCAD drastically, price is settling close to the bottom of the daily ED channel. If pattern completes at PRZ 1 before the Fed interest rate decision and FOMC, I will be looking to long this ...

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