JackyTong96

JackyTong96

From the technical view: 1. From the weekly point of view, price moving to the upside aggressively without any retracement and created an overextended W pattern we can expect the deeper retracement to the middle of the W pattern, as shown as the weekly target. 2. From the daily perspective, we have the same view with the weekly perspective, we can also expect...

JackyTong96

From the technical view: 1. From the monthly point of view, price moving to the upside aggressively without any retracement, we can expect the deeper retracement from the monthly perspective and retrace to at leat 32.8 FIB level, as shown as the monthly target. 2. From the weekly perspective, we have the same view with the monthly perspective, we can also...

JackyTong96

From the technical view: 1. From the monthly point of view, we have a big M pattern, but the middle of the M pattern hasn't been retest, this implied that the AUDUSD will continue bullish until the middle of the M retested, so this can be the upside monthly target. 2. From the weekly perspective, price already completed the ECW pattern to the upside and now is...

JackyTong96

From the Technical Views: 1. From the weekly perspective, price is moving to the upside aggressively without any proper retracement, we can expect the deeper retracement to the at least 32.8 FIB level as shown on the chart as "Weekly Target" (32.8 is taken from the Weekly FIB). 2. From the daily perspective, we have the same situation with the weekly view,...

JackyTong96

From the technical views: 1. From the daily point of view, the price has created a breakout to the upside but closed back below the daily resistance, this can consider as a fake breakout. After the fake breakout, we always expect an equally low and retest, because this a sign for the formation of the HNS pattern. As you can see, the price was completed the equal...

JackyTong96

From the technical view: 1. From the weekly point of view, the price was rejected from the strong support area and bounce to the upside as shown on the chart, we can expect a deeper retracement from this area. 2. From the daily point of view, the price was created an overextended M pattern, we can expert the weekly's deeper retracement will retrace to the...

JackyTong96

From my last analysis on USOIL, I said only the price breakout the rising wedge formation then only allow us to look for the short opportunity. So, after a long time waiting, the price was broke below the wedge formation last week and now we can look for a short opportunity. From the technical views: 1. From the weekly point of view, price is moving to the...

JackyTong96

From the technical views: 1. From the weekly point of view, the price was reached the major weekly resistance, and if you look at the historical data, once the price reached this area, it will start to drop and we can expect the same scenario to happen again from this area. 2. From the daily perspective, daily resistance is correlated with the weekly...

JackyTong96

From the technical view: 1. From the weekly perspective, price is pushing higher and now it is sitting inside the major resistance level, if the lower timeframe will show some rejections, we can expect a deeper retracement to the downside on the next week. 2. From the daily point of view, the current daily candle shows 'the break out weekly resistance but...

JackyTong96

In my last analysis on GBPAUD, I said we may have potential IHNS will be formed on the daily timeframe, but the price continues to make a higher high, there is no chance to see this pattern arise at the moment. From the Technical Views: 1. From the weekly point of view, price moving to the downside aggressively without any proper retracement, we can expect a...

JackyTong96

In my last analysis on GU, I said we need to wait for the lower timeframe shift to the bearish market then only can look for the short opportunity and targeting the middle of the W pattern. However, the lower timeframe continues making HH and HL, no confirmation for me to take the short opportunity. From the technical views: 1. From the weekly point of view,...

JackyTong96

From the Technical Views: 1. From the weekly point of view, the price is sitting inside the major weekly resistance level and created a double top pattern, and the price is extremely moving to the upside without any proper retracement, we can expect the deeper retracement arise from this level if the price will show rejection inside the current zone. 2. From...

JackyTong96

From the Technical Views: 1. From the daily point of view, the price reached the major resistance level, and we can expect a deeper retracement to the downside, before the continuation to the upside. 2. Also, BTC also created a W pattern, we can expect a deeper retracement to the middle of the W pattern, we can find a short opportunity and target the middle of...

JackyTong96

From the Technical Views: 1. From the daily point of view, the price failed to break the trend line and continue moving inside the bearish trend line. 2. Also, after the fake breakout to the upside, CADCHF created an M pattern, we can expect a small retracement to the middle of the M pattern, we can find a long opportunity and target the middle of the M...

JackyTong96

From the Technical Views: 1. From the weekly point of view, price moving to the downside aggressively without any proper retracement, we can expect a deeper retracement soon; at least to the 32.8 FIB level, as shown on the chart. 2. Also, from the daily point of view, GBPAUD has created a fake breakout to the downside and created an equal high at the moment, ...

JackyTong96

From the Technical Views: 1. From the weekly point of view, the price reached the major weekly resistance level and we can expect a deeper retracement from this level at the moment. 2. Also, from the daily point of view, GBPUSD created a W pattern, we can expect a deeper retracement to the middle of the W pattern, we can find a short opportunity and target the...

JackyTong96

From the Technical Views: 1. From the daily point of view, the price failed to create a new lower low, but higher high, further upside is expected at the moment. 2. Also, after the break to the upside, EURNZD created a W pattern, we can expect a small retracement to the middle of the W pattern, we can find a short opportunity and target the middle of the W...

JackyTong96

From the Technical Views: 1. From the daily perspective, price is sitting inside the strong support area at the moment, if this support level is holding well, further upside is expected. 2. However, if the price manages to break this support level and become the potential resistance level, further downside is expected. WHY? continue to read it. From the...