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EUR/AUD, DAY CHART, SHORT (11-DEC-2016)Note: EUR/AUD breaks the Descending Triangle Pattern. Further downward movement is expected! Recently, we see a consolidation after the breakout. If the price able to break the consolidation support line at 1.417x area. Here are 2 ways to trade: 1. Short it directly after the breakout with smaller lot size. 2. After breakout, wait for pullback to the support zone and another bullish signal to short. Can trade with righ lot size :) Caution on the AUD employment data on Thursday. Fundamentally, EUR is still on the downside.
Short
by YongLiang
CHF/JPY, DAY CHART, LONG (11-DEC-2016)Note: This pair already break the current support zone at 112.x area. Recently there is a pullback sit on support zone and a bullish signal appeared! It is a 2B Reversal. We are BULLISH on this pair There are 2 ways to trade: 1. Long this trade now with R/R of 1:1 for TP1 a nd R/R of 1:2.8 for TP2. Or can use H4 or H1 chart to buy at dip 2. Wait the price fall back to the support zone. Long this trade when there is a bullish signal appeared. Can trade with right lot size. And it is a less risk high return trade! Caution on the CHF Libor Rate on Thursday. Volatility is expected! Fundamentally, JPY is still weak among most of the positive outlook on economy. TP1 can put at the next resistance zone and TP2 can put at next next resistance zone. Trade with right risk management and psychology skills :)
Long
by YongLiang
WTI CRUDE OIL, DAY CHART, LONG (11-DEC-2016)Crude Oil is trying its 2nd attempt to break the resistance zone. There are 3 possibilities here: 1. If it break the resistance zone, wait for PB to the resistance zone and a bullish signal to long. 2. Eventually, it might form consolidation near the resistance zone. If breakout, can directly long 3. If there are 2-3 "2 BARS REVERSAL" to trigger the BEARISH movement, we will change our view to short! A Risk to Reward of 1:3 for this trade :) Fundamentally, the crude oil price rally is due to the oil production cut by OPEC and potential cut from Russia and NON-OPEC Countries. The production cut might not able to reduce the current global stockpile significantly. It might be the reason to hold the crude oil price trading in the range!
TVC:USOILLong
by YongLiang
AUD/CAD, DAY CHART, SHORT (11-DEC-2016)Note: Is is a TURN Setup or Reversal Trade The trend now turn to BEARISH There are 2 ways to short this pair 1. If the price break the support zone around 0.979x strongly, wait for pullback to the support zone and SHORT 2. If the price bounce back from support zone around 0.979x Wait it touch the 20-EMA and short when a bearish signal appeared :) Fundamentally, if Crude price continue the strength, CAD will be stronger and able to push this pair further down. On Thursday, need to pay attention on AUD employment data :) If will be a R/R ratio of 1:1 for TP1 and 1:2.5 for TP2 Trade with right risk management and psychology skill :)
Short
by YongLiang
AUD/CHF, DAY CHART, SHORT (27-NOV-2016)AUD/CHF is trading in the range between the resistance and support zone indicated. In recent times, the price is trading in a downward channel. The price is approaching the resistance zone and the upper side of the downward trendline. We see the recent candlestick as a bearish pin bar. If the bullish trend still remain strong, don't bother to entry as the potential reward/risk is not good. Trade safely with proper risk management :)
Short
by YongLiang
AUD/NZD, DAY CHART, SHORT (27-NOV-2016)AUD/NZD is trading in a range between the resistance and support zone indicated. In recent time, it is trading within the downward channel. The price rally up near to the upper side of the downward trend line. Wait for bearish signals to short this pair. You can earn little convenience interest by holding this pair for longer time. If the bullish trend continues, don't bother to entry as the risk/reward ratio is not so nice. Trade safely with proper risk management skill.
Short
by YongLiang