Gold near its Weekly Target and likely make an Overflow before returning to the 89EMA Mean. Watchout for reversal signal from 2500+ and target to return 89EMA.
It is will be important for next 3 days if the market is able to climb back to the previous boxing area and taken the high of previous day. If failed to do so, likely hold some rebound will see in day /weeks, and eventually reaching the bottom of the second box.
Plan A: Once Reaching Around 155.20, Observed the reversal pattern, such as 4H bearish harami, 4H bearish engulfing, Long shooting star to enter the short trade. At least 1-3 profit target that can be set separately as T1, T2 , T3. Plan B: What happen if no reversal pattern found : very simple continue to Long.
EURJPY Short Trade setup when Price entering the Supply Zone. Set Price Alert and Observe the Price Action when price entering the zone.
As a Trader, What Apple Story over night is it important ? What important is interpret correctly what the Chart tell us After the event. My humble view as below.. I can see Risk to Reward for this trade is up to 1:5 time. Short Apple at current Price Stop at 129. T1 116 T2 104 T3 93.. Sound Crazy ? Here is My Reason.. Reason 1 : The highlighted 3 Down Bar...
Silver is edging up slowly since the last pull down and now retest the last supply zone. Once Price enter the zone, the supply will be unlocked from the previous group of trader. The price expected some pull back from here. If the Price break through 24.60, the upside will see 26.00 my bet still preferable over the Short Side that seem to have more better room to...
What Can Do if I missed the recent rally ? After 2 day strong rally USOIL touching the upper Day chart down trend line. Day chart closed below the down trend line, signal the Bull is hesitate 3 hour chart show the pull back from the US Session. Noticed the sell down pressure overnight isnt that significant that will revert the Bull immediately. Short Action...
Dollar Yen Breakout strongly this afternoon from the Day Chart and entering to a zone that have messy + mixture volume. The Key sign indicating the LOCKED chip and the UnLOCKED sign indicate the SOS ship is coming for the traders. Expecting some zigzaging consolidation phase happen within the zone and finally moving to hit 106.80-107.
Coffee ETF is back to the previous Gapping zone and Last Friday closed with an Engulfing Candle. This showing the Bull is rejecting the lower price from Here. Enter Such a Trade with Small STOP (Risk) and Eyeing Target of 2x, 3x or even more is possible. All Trade only with the Price Fall into the the ZONE of Play.. Remember Trading is All about 3 thing : 1....
USOil Back to demand zone with BAT Formation. Can attempt with small position for the rebound back to 0.382 and 0.618 level. Small Stop below the previous low 36. Do Remember, the current shorten trend is bearish, the Long view for this trade is only a counter trend trade in last demand zone. If the 36.00 level Broken and Closed below it, Will resume the view to...
Background: After a series of Sell Down in Corn , we finally see a accumulation and breakout of the chart signal us that the sell off is over. The composite man has probably done their accumulation phase and now is the time to bring the real rally out from water. In all the 3x Previous rally are followed with relatively Higher Volume . Each Pull back...
CORN ETF is breaking out from the 160 days bottoming Consolidation Zone The breakout is retested and after yesterday price action spiked up, we can confirming the bottoming, and BULL is eyeing T1 and T2 at least. T3 Probably will take more time. I don't like to put too much drawing in the chart. Please move your mouse to the Note area and see the reason and...
Bullish Wyckoff Analysis. Background: After a series of Sell Down in Soybean, we finally see a accumulation and breakout of the chart signal that probably telling us the sell off is over. The composite man has probably done their accumulation phase and now is the time to bring the real rally out from water. We see Gold and Silver flying to sky, and why not the...
Everyday we hear News about Global Economy is Weak and Why the market is non stopping making new High ? Some People say due to FOMC,Global Central Bank Monetary Easing policy, Gov action, all kind of reason contribute to this market move. As Chart Technician, we Take away those news and take a close look on the chart, and It tell us where the market need to...
SPX is at multiple FIBO retracement extension level again In Jul 25 Post, Move 1 is successful with 3 continuous down week when SPX reached the First Triple FIBO Resistance Level Now it reached another Triple FIBO (In Fact 4th FIBO) Resistance at level 3100. Always Follow your TraderWorkflow Like my post, click agreed with me and follow me. Thank. 2019-Jul-25 Post
DES30 Pending Reversal Candle to Short, in BAT Formation
Take advantages of US Open volatility to setup a trade for DES30 on the retracement to 0.25 level. Small 15 points Stop for > 3:1 RR Trade Mindfully and Follow the right TraderWorkflow to make consistent Profit.
GBPUSD has breakout from the expected retest the darkest zone post Brexit polls result. (Posted on 29-Jul-2019) And now it breakout from the 1.22 zone. History will always repeat itself (observed the zone between Oct-2016 to Mar-2017).. Expecting GBP will repeat this bumpy route before able to turn out to be a "New" leaf. Like my post, click agreed with me and...