trungle83

trungle83 Updated 

NZDUSD currently in a channel reaching a support area. 3 possible scenarios Break out Double Bottom or Short the pull back.

trungle83 Updated 

AB=CD pattern completes at a strong support area with a confluence of 0.886 and Fib Ext 1.618. Strong Bearish momentum, Watch for price as it may dip before potentially go up.

trungle83

Live testing this next week. Descending Channels with 1-1 measured moves on each end extreme range of Parallel Channel and FIB tool. Further explanation when testing shows good results. I want to post this publicly to share different ideas. I've done some back-testing, this one will be a live test for next week. Would be interesting to see.

trungle83 Updated 

I am seeing a BAT Pattern and an AB=CD Pattern completing at approx 0.7519-0.7521 with strong confluence a D point. The D leg for both BAT Pattern and AB=CD completes exactly at 0.75205 with a FIB EXT of 1.414 a few pips away. Low to High swing also shows another confluence of 0.382 at PRZ The PRZ is also an a major support level. TP1 0.760 TP2 0.765 SL...

trungle83 Updated 

GBPNZD is at a major resistance zone and is in consolidation at higher Time frame. BAT Pattern formed with a 1.618 FIB EXT confluence and a completion of the C to D Leg. 2 touches on D completion with strong reversal wicks. I have shorted on the break of trendline @ H1

trungle83 Updated 

Price is in a descending channel with 2 possible Harmonic Patterns where C - D leg are closely met at Fib ratio of .886 and Fib Ext 2 and 1.414 On H4 Chart tracking back the initial rally and where price had come back down and respects the same range as PRZ Very cautious with this one as counter trend trade on a down trend is not recommended. However, the...

trungle83 Updated 

Shorting AUDJPY at pivot point. Approximately 12 hours there would be a pivot point During US Open (1st 2 hours of trade) and Aussie Open (11am-1pm) UTC +11 Similar movements just recently took off on AUDCAD and some actions in AUS200.

trungle83 Updated 

Don't mind the title.. it was just a little fun and a laugh :) I've posted this privately several months ago and for the last week there has been crazy activities in the Aussie stock market. The recent rally and broke through the highest since 2015. Aussie dollars plummet last week and finally finding some grounds again I am seeing an alignment between AUDCAD,...

trungle83

Identified an AB=CD completing at a respective level as well as Fib ext 1.272 where it had bounced off at 0.618. Pattern may not complete this week, keep watching

trungle83 Updated 

This week there had been weakness in Aussie Dollar as well as the Aussie Indices. A completion of a Bat Pattern may happen tonight or early next week. Downtrend on daily chart is finished and a changed of trend on the daily chart could happen as long as price does not 83.7

trungle83 Updated 

2618 Set up Double Top Broke out of trend Broke Neckline Retrace up to 0.618 Price rejects **Additional Note: Aussie market time frame rally. I am anticipating the opposite reaction during US market hours**

trungle83 Updated 

DXY broke out of an uptrend. RSI oversold with Slight divergence. Price may pull back into zones as per chart before continuing a further fall or consolidate.

trungle83

DXY on the neckline/support zone. It has held there for 3 days showing no strong signs of directions yet. Will be ready for either directions

trungle83 Updated 

2 possible move 1. Either price makes a double top or a lower higher then drops. 2. Price hits the golden ratio then drops For trigger happy, split up your lots and set up for both. For conservatives, be patience and go for the golden ratio.

trungle83 Updated 

GBPJPY retested the support area (GAP zone) I’ve entered a long trade anticipating that it to break the resistance zone and trend as this pair have been squeezed for some time. refer to: Please note: There red alert news later today where I will be moving my SL to a tad above B/E to cover cost.

trungle83 Updated 

USDJPY has reached a strong support zone. Price must close above previous high before I can look for a set up. there is also a slight RSI divergence. Price may stall until US (Thursday night for me) unemployment claims and Yellen Speech. Watch price action.

trungle83 Updated 

BAT pattern and AB=CD Pattern completing around the same area. There is also a concern I have for a gap back in November that had served as very respectable resistance area.

trungle83 Updated 

AUDJPY recently had a decent rally up and had slowed down, breaks short term trend. Price struggles to break pass 87.3 Bat Pattern AUDJPY H1 and price tests around 87.1 - 87.14 I've taken a short at 87.105