stanchiam

stanchiam Updated 

Retest of neckline, 50% retracement region and parallel channel Could see a spike up to stop out bears before lower

stanchiam Updated 

Short term head and shoulder may be forming looking forward to short it, good luck

stanchiam

Hello traders, Nothing much to update as am ridding the move down, plenty of chances to load up shorts/re-short last week. Good luck and hope the ride is smooth and not get stop out.

stanchiam Updated 

Another test coming for the bears, need to hold price below resistant for the big move down toward 137-135 region

stanchiam Updated 

What is this? soon we will find out if neckline is broken and price stay below

stanchiam

Price is now testing a very important region where in the pass, many support and resistant levels were formed If price managed to stay below for the weekly candle, we may see a mid term drop whereas a breakout may see a spike up towards new high Good luck

stanchiam

Price had tested the support and a strong bounce is seen Am now expecting another leg higher to complete the move, perhaps there may be risk off coming that pushed usd up?

stanchiam

Waiting for price reaction around 136 region, ideally a strong bounce to confirm support and reversal

stanchiam

Expecting more downside after short term correction is done Risk off may continue to pressure it for a much bigger move down, any retracement may only be short term until the trend is done

stanchiam

Same as GU, price moved up to retest the channel resistant We now expect a much bigger move down

stanchiam

Price finally moving down, did not expect the move up to be far as the channel becomes the resistant We now expect a bigger drop to complete the move down

stanchiam

Clear 5 waves more or less completed, expecting 3 waves move up at least for the short term

stanchiam

Update to gj, wave 4 becomes more a larger triangle and wave 5 is completed, after retracement, we should see a big drop, likely to coincide with the worse news for corona virus

stanchiam

First target hit, however the recent move down is messy and could be corrective waves, failure to break below the support call for another move up to complete a bigger correction

stanchiam Updated 

Waiting for price to retest the channel break and its reaction, ideally testing the higher resistant for a better short

stanchiam

Price hit our test 1 target and completed 5 waves down, it is possible that test 2 is coming which will provide a good short opportunity for a bigger drop

stanchiam

Ideally price retest 1.31 before moving lower 1st target around the channel support and 50% extension

stanchiam

Alternately, after testing the channel for a second time and unable to spike higher, bears are now in charge as long price is below the bigger channel