DIONNG

DIONNG Updated 

Traders, after a week of consolidation this pair broke out of the range and made a higher high. We are looking at targeting the 78% Fib. level and/or support around the 183.65/183.40 price for a BUY. If price breaks below 183.40 support and there is momentum to the downside, wait for retest of the level break and SELL. Next major demand level is at 181.50. Happy...

DIONNG Updated 

Bearish outlook with short-term buying opportunities - caution. Asian session has pulled this pair higher(higher highs, lower lows) and price rejected 50% Fib. level. If price retreats to 1.5695-1.5700 i will enter a buy with a small stop loss targeting the 61% Fib. level. Do we see London push price higher to 158.00-158.25 and New York sell off? Watch price...

DIONNG Updated 

If you are a swing trader and/or trade higher time frames it helps to understand the market from a higher time frame perspective. That's why "Top down" analysis is important. Getting the "bigger picture" will help determine the overall trend of the market and you can trade accordingly. This pair broke the high of 147.67(Aug.98) in October of last year reaching...

DIONNG Updated 

Traders, please see most recent published GA set up for detailed explanation.

DIONNG Updated 

Entered BUY 0.25 1.95943 (not great entry - FOMO) Entered BUY 0.75 1.95865 Entered BUY 0.50 1.95845 Stops below 1.9570

DIONNG Updated 

Traders, im looking for a test of the high price in this pair(1.1272). Technically, we are still in a downtrend so watch for price action on the higher time frame to determine that trend has reversed to the upside. Since the high(18/7/23), we had deep retreat to the downside(78% fib. Level) a LIQUIDITY SWEEP below 1.0831 and a respect of the 4 hour trend line....

DIONNG Updated 

Traders, i'm looking at BUYS here. This pair is coming off the highs posted 17/8/23(1.9970). After consolidating for five days(17/8-22/8), price retreated to the 78% Fibonacci level at 1.9585(calculated from the low posted on 15/8). I have price boxed in between 1.9689 and 1.9586. If price breaks below i'm taking SELLS with CONFIRMATION to the lower demand area...

DIONNG

Traders, here is a snapshot of market behavior for USDJPY over the course of several weeks. I've marked out key areas of reversal and the session times. Do you see a repeating theme? The market turns and/or continues its down or up moves at certain times and at key levels. Watch 01:00, 08:00, 13:00, 15:00. What do you think?

DIONNG Updated 

Trade set up is still in play. Yesterday, price bounced off the lower level as anticipate(1.9616) and went as high as 1.9663 but not breaking the daily high of 1.9674. I got in manually at 1.9630 only to see my pips eroded as the NY session played out. I closed two trades at 10-12 pips in frustration. Moral of the story: Take partials every time the market gives...

DIONNG Updated 

13:50 Price has been ranging 25-30 pips for the last five hours or so. We are approaching 15:00 in London(10:00 New York), a time when price normally start moving. I hate taking breakouts so i'm hoping that price retreats to the 1.9610 mark where i can take a buy position. Support level established. We made a higher higher - break of downtrend structure Waiting...

DIONNG

Each way bet here:) Price bounced off demand area from 15th August 2023. First resistance if buying 1.9705 On the downside 1.9495 is the next demand level. Boxed area 1.9664-1.9606

03:49

DIONNG Updated 

Watching the price action unfold. Need to see a definite break of structure to the upside with a pullback to consider buys. If price reverses and breaks low of 157.88 will wait for confirmation buy at 157.60-157.65 level.

DIONNG Updated 

Price retreated yesterday after reaching a new high. During Asian session we may see price break below towards the demand/resistance level(157.70) before bouncing off of this around London pre/open time. If price breaks/retests the 158.33 level, a conservative target would be 158.80(50% Fib. level) Watch the price action at the support/resistance levels to...

DIONNG Updated 

This pair was consolidating(range bound) for a week after posting high(1.9971) Thursday 17th August 2023. Resistance was at 1.9930 and finally swept liquidity to the lows yesterday(Tuesday 22/8/23). a break/retest of the "temporary" support level will see prices test lower supply areas. Watch the price action. Happy Trading Good luck