stanchiam

stanchiam

Price keep graining higher to test previous support turn resistant region. These are the possible movement. If price manage to hold below with a strong rejection lower, will look for continuation lower, vice versa. Waiting for market to reveal itself.

stanchiam

Price hit the upper range of the long term support turn resistant region Am expecting it to hold for the continuation lower. If resistant holds and goes as expected, eurusd, gbpusd, audusd etc should go higher again Good luck

stanchiam

Is this start of stronger move up towards higher resistant region ? Close below 4hr bar should confirm continuation lower

stanchiam

Is it going lower? As of now the waves structure is still bearish It can go higher before lower but as long price do not go strongly above the channel, the bias is bearish

stanchiam

price testing support region, looking for bullish price action in lower time frame to go longs if price holds above and turn bullish, looking forward to new highs and maybe 0.72 region

stanchiam

Like the test, if price hold above and turn bullish, will look into longing and holding for new highs, good risk reward

stanchiam

Wave count suggest more upside for the short term Possibly targeting 0.72/2

stanchiam

Preparing for a break higher, as such, eurusd and gbpusd etc will be lower Good luck

stanchiam

Lets see what happen to price when it goes to decision region I am more for a new low

stanchiam

update to the previous post, please refer to the link Price goes above resistant channel and then above resistant region just as expected Now the entire move up look like a 5 waves up, which increases the chance of a correction, perhaps towards 50% region before higher. Good luck.

stanchiam

For those who love patterns Here is your head and shoulder

stanchiam

Initial crack below the channel identified, has the bears taken over? As the entire move up seems to be an ABC, the bias is for a move down, at least for the short term. Price could still correct back up before lower as the move down from the top look like a completed 5 waves. Price either break down strongly or correct first before lower. Take your pick. ps:...

stanchiam

Following the count of DXY(bullish), eurusd is the reverse The entire move up look like an abc correction. Hence looking forward to another new low. ps: check out the links for DXY aka US dollar

stanchiam Updated 

Another leg up? Now price is still a 3 wave drop from the top, hence the probability of another new high is good Hope it play out as expected

stanchiam Updated 

If it is, am looking for a new high, if wrong, at least a 50% move up USD should get stronger short term once it break above the wedge

stanchiam

If price play out without invalidating the triangle, then a final leg up, at least for the short term is expected. Good luck

stanchiam

It is possible the previous ending diagonal wave count is just part of a bigger move. Am expecting another new high after a correction. Will be using dxy as a guide and hint for EU, GU, AU . Hopefully it play out and let me have a chance to milk some $$$$$$.

stanchiam

Previous idea invalidated. Price reached new high and I am waiting for price to close back below resistant turn support as the first hint that the top is completed, at least for the short term