nicholasngshihhao

nicholasngshihhao

Break out from a consolidation. Short when retest @ 0.69496

nicholasngshihhao

Clear support @ 1.38697 tested twice with current bearish weakening (poor momentum) is signal reversal @ 1.38697.

nicholasngshihhao

Temp. range wait for bull break out, go long after. Two possibility could happen. Possibility A, WORTH ITTTTT Possibility B, makes trade not worth it. However, most likely possibility A will happen as 4 hr TF has shown no sign of weak bullish. STILL GOING STRONG.

nicholasngshihhao Updated 

Timeframe Daily: Range 4Hr: Uptrend 1Hr: Uptrend In 1 hr chart, the uptrend is weakening as shown by price range tool, reversal may occur soon most likely @ 76.677. However, would prefer not to enter the trade if that is the case as RR ratio is not worth the entry. Will definitely enter @ 76.918 due to better RR Ratio.

nicholasngshihhao

Time Frame Daily: Uptrend 4 hr: Uptrend Entry @ 0.69590 due to balance between demand and supply on that zone. However, @0.65690 has been tested various times with rejections over and over again. TP @ 0.70308 due to demand zone as drawn in red dotted.

nicholasngshihhao

Time Frame Weekly: Downtrend Daily: Uptrend Price will continue going up past @ 69.991 because of an engulfing bullish in green box indicating strength in bulls and will potentially reverse @ 71.267 resistance level. However, require to keep an eye out after trade entry @ 71.267. SL @ 72.692 with TP @ 67.010.

nicholasngshihhao

Hello Traders, This is my TA thought process for this week AUDCAD market. I'm looking to short on daily by analysing on 4hr TF. Time frames Weekly: Downtrend Daily: Uptrend 4hr: Uptrend On the weekly chart, the price is approaching an important resistance level @ 0.91690. Price will reverse at this level due to:- 1. Uptrend momentum on 4hr chart is weakened...