sunnyk92

sunnyk92 Updated 

Hi everyone , We have seen some wild movements across the financial markets as expected! Price action has been flowing as expected within current momentum. Current momentum is confirmed bearish on the daily and the monthly close will hold to be key!. If we create short term lower lows as stated , we should see 31-32K region. For bulls to take charge and shift...

sunnyk92 Updated 

With safe haven flows coming in heavy last week, there was no question we would see a demise in GJ given we had a risk-off sentiment. Since its demise , we had a correction as expected and now I am anticipating this continuation to the downside. Once we break and retest the 1H higher low marked should we see odds in favour of the D downside target. Trade safe...

sunnyk92 Updated 

Since it's huge move to the upside , price has slowed down and now trying to indicate a shift within momentum. If we break the daily low I will be looking to enter shorts on the lower timeframes. Trade safe. Sunny Kumar

sunnyk92 Updated 

Price failed to break the key daily high. After an impulsive move we are currently in a state of relief. If we create short term lower lows, expect price to decline to the next key daily level.

sunnyk92

CADJPY has been on some push of late attributed to the strength in crude oil! Price is nearing some strong resistance! If we break strong weekly zone of the daily we can expect price to resume its push to the upside. As price is showing exhaustion , we can expect temporary downside movement. If and only if we see a clean daily break below the marked key daily...

sunnyk92 Updated 

Current momentum is still downwards . Price action is slowing down and can be considered rangebound. Break of either range will dictate its next move. Short-term higher highs or lower lows will be required. Once we receive these we should see the setup play out. Trade safe, Sunny Kumar

sunnyk92 Updated 

Morning all, it's been a minute for sure. GBPAUD - has been bearish for some time now. As you can see we are nearing strong supportive regions on the monthly and weekly. Here we can expect orders to be sitting hence price to slow and exhaust coming into this region. For a short term trade , a buy could be taken once we receive a valid break and retest on the 1H...

sunnyk92 Updated 

XRP has made some solid gains over the past week having gained double digits in terms of percentages. If weekly is to close above the key level marked , we should see 0.95 being the next target. If however this begins to hold , and we see 0.75 broken to the downside we can expect a price decrease to 0.65 Trade safe Sunny

sunnyk92 Updated 

USOIL has been on a historic roller-coaster in the last couple of years. Given it was in negative territory during the beginning of the pandemic stages it's safe to say it's had a historic jump breaking 8 year highs. Currently speaking , we are in a clear uptrend on the monthly and daily. Over the last week price could be said to be in a range as we are nearing...

sunnyk92 Updated 

AUDUSD shorts - I have jsut entered my short position on this trade. I am looking for a drop into the key structural area shown. Rationale of trade - Overall momentum is still bearish although current momentum was bullish . Since we are creating new lower lows we shall expect a drop into the structural zone marked. Trade safe Sunny Kumar

sunnyk92 Updated 

Potential short in place. If we are to receive lower lows we will should see a short into the next daily level marked.

sunnyk92 Updated 

The key resistance at 1815 has finally been breached. I now expect a correction (profit-taking) to occur at the start of the week. This should provide us with an entry on the 1H timeframe ideally to enter a long position to target 1845. Let's see how this develops. Trade safe Sunny Kumar

sunnyk92 Updated 

Bitcoin has been on a historic rise in 2021 and has since been cooling off. On the daily chart we are clearly bearish short/medium term. Until the 52K resistance (major) is broken I am anticipating another tap into the 40K region before a bounce. Again structurally we turn bullish on the daily once this 52K is broken on the daily. Let's see how the structure...

sunnyk92 Updated 

It's safe to say Bitcoin and the crypto space has started off 2022 with a huge sell-off. This demise was expected once the 40K demand zone was breached on the weekly. With such an impulsive move it is not uncommon to experience some form of relief (profit taking) In a nutshell - it is quite normal to experience a relief (profit-taking) from this sell-off. Until...

sunnyk92 Updated 

US30 has been in a sell-off in the last week or so. This is in line with the rest of the risk-on markets. From a technical stance price was forming a reversal pattern indicative of exhaustion and potential loss of buyers momentum. We have since broken out of the reversal pattern. If we are to receive a weekly close below the zone marked we could continue downward...

sunnyk92 Updated 

After an impulsive push to the upside in the last couple of weeks, we are experiencing an inevitable correction (profit-taking). Given we have just receved a breach of last lower high on the 1H we should see this looking to continue to our target. Trade safe Sunny

sunnyk92 Updated 

We have broke through major demand which could now be confirmed supply given we receive the rejection at the area marked. If we see the pullback into this region expect further demise into the next daily support.

sunnyk92 Updated 

If we receive a 4H bullish close - I am looking to take this long. Daily key level is being broken in line with market sentiment (risk-on). I am looking to take most of my position at target 1 and keep the rest whilst mitigating risk. Let's see if this position develops. Trade safe