Look like UC is in the a nice plunge.. I am seeing a possible set up with 2.5 to 1 R:R set up.. 1.32x will be nice first tgt... Sonic
Remember my start to BEARISH view on USD/MYR? Bearish to continue for now and it will easily 4.10x or 4.050x level.. Sonic
Gold had a rush run up week back, trapping all later longs...The Kill Zone was 1151.xx to 1168.x range... It went down nice into cushion area..to gather more smart's money Long to come in,... Watch 1118.xx area,, it is important support.. More bumpy ride ahead for Long such as 1146.8x and kill zone (1151 to 1168) again, but they still can go up, 1198 to 1200...
The break out EU was quickly pulled back into the range again, I see it as a possible trap move... As long as 1.119x ~ 1.12 level holds, I am into going Long.. Sonic
This is a possible scenarios how the mkt gonna playout... In nutshell, Dead cat bounces in the progress... 1659x and 1705x will turn as BIG resistance for advancement.. as trader will sell it out and run as the price advances.. So, the rally will be possibly short lived... I am cautiously bullish Only.. Sonic
It is such as no brainier to determine the main trend of this pairs... But I see the "possible" sign of weakness in the uptrend.... I will like to see it pull back to 4.21x level first before looking for short... If it retrace, it should go back to 4.10xx level...
As predicted 4 days.. ago.. on my previous Analysis... DJ had a BIG drop... it went little overboard IMO... Little bounce may continue but the Mkt structure has changed.. Gonna be lower than where we can in 6 months time.. When everyone headed for exit, The dead cat bounces..
It is for sure that Gold is in the uptrend,,, But IMO it is due for a lil fly back... You can see R:R and stuff.. It gotta break 1120 first..
EUR/USD has strongly break out of range that started since last May. I see the break out move a valid one, it will go higher from now on. Of course, it may not go up straight as there will be pull back along the way. It will use 1.146xx level as base to paint higher high and high low. It shall reach 1.1778x pretty soon... Sonic sonicrsystem.com
This is how the start of Prolong Trend look alike... It is very likely to be BEAR, I have been saying of the coming bear movement since last May . It should easily go to 16690 level and revisit on 16050. As Long as 1735x level is not strongly broken UP again, I am with the BEAR... Sonic
Oil have plunged a lot in the month of last Nov and Dec, The weekly Bar ends with Bullish Pin Bar. PB can be more accurate if it is accompanied the engulfing bar in the following week. In momentum play, am expecting to see possible rebound up to 65.4x and 69.4x level... Nonetheless, it is considered CT trade and be easy with your position size, Watch it like a...
It is no doubt that gold is in the downtrend with the lower high and lower low..But I am seeing a possible rebound to retest the resistance level near 1330... Let's see how the mkt decides.... Sonic
GBP/USD Long Set Up In a Making as long as it still above 1.557x level.
Bounced Off from 198x support level... Possible Looking to 2050 level..