Trader-VincentH

Trader-VincentH

There are 2 amazing bullish pattern combo of AUDUSD, consider to buy. The bullish crab complete near 0.7750 while also the C point of forming bearish cypher pattern,heading to 0.7938 as the D point. Also be noted that 0.7938 is the 50% retracement of recent plunge, a crucial level to watch. TP1:0.7888 TP2:0.7938 TP3:0.7987 SL:0.7770

Trader-VincentH Updated 

In 30 minutes chart, the pair has created a lower high point. Price retested 1.2530 then moving downwards, running below 200 MA and heading to potential reversal point 1.2490. There is a potential bullish gartley pattern with D point at 1.2490. So price is now may forming the CD leg of the chart. But I won't choose to take long position immediately once price...

Trader-VincentH Updated 

In my previous analysis of Euro last week, head & shoulder pattern plus bearish AB=CD all points to 1.1830 as a strong resistance level. U can find that a bullish divergence formed last friday by odd NFP data, then helped us to take profit by long set up these 2 days. Today price has hit the level temporarily, now wondering between 1.1800-1.1830 to confirm its...

Trader-VincentH Updated 

In my previous analysis of Euro last week, head & shoulder pattern plus bearish AB=CD all points to 1.1830 as a strong resistance level. U can find that a bullish divergence formed last friday by odd NFP data, then helped us to take profit by long set up these 2 days. Today price has hit the level temporarily, now wondering between 1.1800-1.1830 to confirm its...

Trader-VincentH

GBPJPY formed 5 wave structure in 30 minutes chart, confirmed wave 4 near 148.5 today, heading down in uk session. If structure goes well, 145 may be the ultimate goal. But given the situation that Japan is holding presidential election, which may not that easy to move that far.So technically, u can watch out levels near 147, since price broke the small neckline...

Trader-VincentH Updated 

Price walking under 200MA, and created lower highs gradually. Watch out the extension price range 145.72-145,idealy to finish the 5 wave struture at 145. But it mail fail due to fundamental factors, take profit quickly if u trade in such a short time frame.

Trader-VincentH

In my previous analysis in US session on gold , price has formed a 5 wave downside move til 1261, and pull back rapidly and stand above 1280 quickly. Technically, Gold is probably moving in the up corrective wave structure, if u regard 1358-1261 as a major impulse wave. And the structure is about to end near 1303. Besides, u can find the 200 MA is a supporting...

Trader-VincentH

In my previous post on oil last week, pattern combo worked well, price falled from near 53 level and got supported near 49 level. On weekly basis, it seems that the price has retested the 49 level, which also be supported by 200 MA. A forming bearish AB=CD pattern point out 3 key levels above, and u shall find entry point from smaller timeframe chart. In 4H...

Trader-VincentH

In Daily Chart of NZD, a huge H & S has completed. Price plunged with a gap early this week, and when u measure the height of right shoulder, u can find that price level is near 0.7050. There is a saying goes that RBNZ is about to give dovish wordings later in face of uncertain political environment as well as its overheated domestic real estate market,which...

Trader-VincentH

In my previous 2 posts in Chinese edition on Sunday, wave analysis were presented in 1H chart, and successfully predicted the reversal of gold price near 1261. Fundamentally, with the rising of uncertainty caused by geographical tensions in Turkey and North Korea, Gold rebounded very quickly from 1261. According to the wave structure, if we hold the idea that...

Trader-VincentH Updated 

In my previous post, the crucial support level 1.3200 has been broken, thus I'm going to change my idea on pound from bullish into neutral, or under pressure at least. Watch closely to the regression channel, 1.2950-1.3000 will be the final hope for traders with long side bias. If price break the level next week, heading to 1.2800-1.2770 then consider to buy it...

Trader-VincentH Updated 

In 1H timeframe, Gold price is falling down from 1279, the closed price last week, and created a new low level around 1274. 5 impulsive wave struture is now going well within the downside channle,and is finishing the 5th wave or its extenstion. According to the ratios among 3rd and 5th wave, the short term target shall be within 1271-1262 region. Also, ADX is...

Trader-VincentH Updated 

With rebounding DXY, Euro is under pressure since last Friday night, creating lower high and low price level, together with decreasing CFTC long positions. In 4 hourly chart, Euro is finishing its 5th wave structure. According to the ratios between 3rd wave and 5th wave, target should be around 1.1635-1.1591. But I'd like to remind u some crucial area, as price...

Trader-VincentH Updated 

With weakened price of Iron ore, aud is suffering correction since its recent peak over 0.8100. And I happened to found that there is a huge divergence on weekly chart of AUDJPY, higer price peak with falling RSI levels, a bearish signal to be confimation. Meanwhile, a forming bulish shark tells me that the pair may have chance to falling down deeply before its...

Trader-VincentH Updated 

Price tested the crucial support 1280 for several times, and closed at a bit lower than this level, still need 1-2days confirmation to check if it is a real breakout or not. But onething for sure is that according to weekly chart of gold, a huge bearish gartley pattern has been completed, with the ideal entry short point at 1320 level. Don't lose heart if u...

Trader-VincentH

Usoil fail to stand still over 50 as expected, now breaking the rising trendlines. 48 will be an important level to watch, downside prevails also from fundamental perspective. Besides, u can find some bearish patterns from my previous posts, another factor drives me to sell high.

Trader-VincentH Updated 

The EUR/USD pair stalled its rebound from seven-week troughs in Asia, as the bulls take breather ahead of an eventful economic calendar today, with the key focus on the US jobs and central bankers’ speeches. Technically, the DXY still in the rebounding period in Daily timeframe.But if u are a day trader or have preference of trading in short time frame, 30...

Trader-VincentH Updated 

Price is in consolidation during the past week, ranging firecely with lower high and lower low between 1.35-1.33, and tested the weekly low 1.3340. Please be cautious that 1.3340 is the crucial Fibo retracement level since Sep 14th, and price retested the low area later Sep 29th night, then formed into a support zone, at 1.3340-1.3360 in the orange box...