maosang

maosang

From a BAT pattern(if finishes), we may find the PRZ around 171.86~171.65. TP1 is around previous high. We can hold a small position to see potential further move. Let's see.

maosang

AUD shows a nice bearish BAT pattern on 30m level. So i think it is good to short now. The TP1 i suggest is the time when price hit the channel. We could keep a small position to see if AUD continues its bigger downwards trend. Let's see.

maosang Updated 

EUR/AUD just hit the bottem of its triangle, and i think AUD is about to undergo a correction while EUR may stay about current range. So, i try a LONG position. TP1: around 1.5400, where the green trend line and blue trend line crosses. TP2: 1.5520 Let's see.

maosang Updated 

As EUR touches the trend line, i think it would go down again. I don't think EUR has its direction already, so i make my bet on its trendline resistance. This would be a quick SHORT order, with clear TP and SL. SL: 1.1005 TP1: around 1.0883 or touching trend line 1 TP2: around 1.845 or touching trend line 2 Let's see.

maosang

As EUR touches the trend line, i think it would go down again. I don't think EUR has its direction already, so i make my bet on its trendline resistance. This would be a quick SHORT order, with clear TP and SL. SL: 1.1005 TP1: around 1.0883 or touching trend line 1 TP2: around 1.845 or touching trend line 2 Let's see.

maosang Updated 

Judging from AUD's correction pattern(a upwards triangle, which always means a near-term reverse) and EUR/AUD's correction pattern(a downward triangle), i guess the most likely movement for EUR within the day would be like the chart i illustrated. Today's movement also shows strong support in this area. And, consider 2 upward trendline underneath, this could be a...

maosang Updated 

As i noted a few days ago, i think now EUR/AUD has come to a selling point. TP1: around 1.5444 or touching the trend line TP2: around 1.5219

maosang Updated 

As i saw AUD/USD show sign of a correction at a critical level, i open a SHORT position right away.TP is 0.6987(just 0.236 FIB level). Let's see.

maosang

I think today AUD is going to test 0.6960 level, and makes a choice. if it stands above that level, this would be a bullish sighnal for AUD. And we could LONG from there. If AUD goes down, the 1st target in my view is around 0.6880(previous low point and FIB 0.764 level). If this does not hold up, then AUD might test 0.6830 support again, and that is not good....

maosang

After yesterday's big fall, i think we should still find nice position to SHORT USDCAD. Since CAD is undergoing a correction, I suggest we could open a SHORT position around 1.4350 level, which is 0.382 FIB level and possible downwards trend line cross point. Target would be around 1.4176. After that, I believe there should be a big rebounce for us to trade as...

maosang Updated 

As EUR and AUD complete their yesterday big move, now i think there might be a opportunity for EUR/AUD here. Here this could be a possible bottom for EUR/AUD to stop(A=C), and start a bounce. Conservatively, i think this rally can be at least up to 1.5622(TP1) and 1.5669(TP2).That is around 0.382 FIB/76.4% distance and 0.5 FIB leve/100% distance of wave D. ...

maosang Updated 

USD/JPY has a nice rally yesterday. I open a LONG position when JPY went back into the channel. My target is around 117.65, which is around the resisstance level and the 0.764 FIB level. i think that will be a strong resisstance. i doubt JPY would go out of this channel, but who knows. Let's see.

maosang

After ECB's announcement, EUR plump over 100 pits and hold up. Surprisingly, it bounced back into the longterm upward trend(1D). So i guess, if EUR could stand within this trend line, it may go up and test 1.09. When EUR hit back the trend line, a posible LONG opportunity is open to us. And the SL is easy to set, just below the lower price point. OK, let's see.

maosang

Yesterday CAD broke the strong upwards trend line and made a fall. Oil is on its rally too. So i still think CAD is in bear mood in the near future. Judging from 1D MA5, FIB level and trend line, possbile SHORT opportunity might be in the 1.4530 level. The 1st target level is previous support, which is around 1.4435. and the 2nd target i suggest the 127% of the...

maosang

AUD has made a temp break out of previous downward trend, but it didnot hold up. So i guess it need to test the 0.5 or 0.618 FIB level. If it rebounces as expected, we should see a higher movement(at least a test on 6955 level). if not, this may also mean AUD is in a rectangle and we should try LONG around 0.6830 level. Let's see.