OVERALL BIAS = BULL 1. UP TO 1.97-1.98 2. UP TO 1.95 (FAVE) 3. DOWN TO 1.89 4. DOWN TO 1.865
USDCHF did not move as much as the others, not as spectacular, but, its a safe pair to trade. In week 1, it broke its level 3 and successfully went into bullish level 1. Its a profitable pair, it did not move as much as EURUSD and GBPUSD, but it is going to make your account stay positive. Week 1, 2019, sees the successful completion of a W reversal pattern,...
GBPUSD, one of my frequently traded pair. It moved in line with our analysis for week 1, 2019. The pair made a last push upwards, breaking the high of the M formation which we identified in week 52, 2018. It then made a quick turn around and went down straight for hundreds of pips. If you have shorted this pair with EURUSD, you would be very profitable for week 1,...
EURUSD surprised with its extended push beyond the first identified high of the M shape, forming a new high on week 1, 2019 before it headed down for about 200 pips. That move made me reconsider my position and exit my holdings of EURUSD. Not too sure if it also made you doubted your outlook, but it sure made me doubted mine. With that push upwards, I did not...
USDJPY made a big move during the opening of 2019. I was long and was caught by the massive drop it made during its week 1. This would be an episode which exposed the weakness of my trading strategy which I am going to reinforce in future. Week 1 is a loss for me, with my overall equity fell by about 5%. That's ok, at least I stayed out of USDJPY before the...
USDJPY has made a very predictable and good price movement. Anyone who has shorted it since week 50, would have ended with very good profit! I personally shorted but did not hold it all the way as I mainly day trade, so I got a couple of drop while USDJPY was on its way down. So what can we expect for 2019, week 1? From my analysis, the bear movement of USDJPY...
GBPUSD did not move a lot in week 52 of 2018, it did break upwards to a bullish level 3 zone, however, it wasn't by a lot. Anyone who entered long in this pair would have stayed in the green, however, it might not hit the expectations of many traders. Most of the movement was spent in the range of the level 3 zone. The price movement doesn't seem convinced that...
EURUSD has successfully pushed up to level 2 for week 52, anyone who long this pair since last week would be able to see a good profit. However, because of their price movement in week 50 to 52, it prompted me to question my outlook on this particular pair using my usual trend following on 1H chart. We have seen this pair went up to a bullish level 2 zone, which...
Finally a completion of a 3 level moves for USDCHF! Last week, the analysis point us towards a drop in USDCHF for week 52, and fortunately it did end up a lot lower with a new level 3 zone. This three level downward moves did throw me off a little with the high of level 2 zone getting to same level as zone 1, it triggered my paranoia of a high/low rest. Currently...
Another great short opportunity. 2 red candes showing a lot of downward pressure and a clear bounce from the resistance area marked with the red zone. Tight stop loss for this trade to close out if any reversal were to happen due to manipulation.
Looking for a large sell off and short squeeze during the start of the week Chart Is Extremely Extended RSI(5) is High 25 Period EMA Cross Over As well Good Buy with a 25 to 40 pip sell retracement for a good entry point Could Be a potential massive institutional short squeeze if price reaches 1.2000
Bearish on the USD Bullish on The GPY RSI is Creeping Also looking for a retracement of the drop, some buys might come in on monday leading to some late short squeezes for a low risk entry
Bearish on the GBP Bullish on the JPY RSI is Oversold Doji Forming, followed by a previous candle which exhibited major indecision Week Retest of 50 Period EMA Trending downwards towards .382 Fib Level