davidleekuanyong

davidleekuanyong Updated 

Seems like there is an opportunity to long USDJPY. I queued at long at 110.56 with cut loss at 110.218. This is not a buy/sell call, do double confirm with your trading plans. Happy Trading Everyone :)

davidleekuanyong Updated 

USDCHF managed to stay above 0.963. I queued a long at 0.966 with cut loss at 0.963. Uptrend targets are 0.972 and 0.97926. Will trail my stops as market nearing 0.972. This is not a buy/sell call, do confirm with your trading plans. Happy Trading Everyone. :)

davidleekuanyong Updated 

AUDCAD showing signs of potential uptrend in the 4hr chart. I executed a long at 0.9977 with my cut loss at 0.9952. Potential resistance targets that I should be aware of are 1.0027 and 1.01519 respectively. I will trail my stop if prices nearing the first target. This is not a buy/sell call, do double confirm with your own trading plan. Happy Trading Everyone. :)

davidleekuanyong Updated 

I lost a few trades already but thanks to my cut losses, each are around 20pips. This is part of trading and managing your risks goes a long way to be a successful trader. USDCHF plunged on the back of FOMC meeting. However based on price action, seems like there an opportunity for me to long and join this trend again. I queued an entry at 0.953 with my cut...

davidleekuanyong Updated 

USDJPY daily price action showing signs of potential uptrend. However I will not buy at current market price because I want to avoid myself from entering too high and get stopped out too soon. I also realized that smart monies regularly set up over-extension or huge momentum candles to lure impatient traders come in, based on my experience & other professional...

davidleekuanyong Updated 

EURAUD showing signs of continuation of downtrend. I want to take this opportunity to go short. I queued a short at 1.462 with stop losses at 1.46454. 2 Support targets are 1.45386 and 1.44425. Will trailing my stops accordingly if prices can break 1.45386. This is not a buy/sell call, do confirm with your own trading plans. Happy Trading Everyone. :)

davidleekuanyong Updated 

USDCHF daily chart shows signs of uptrend. I queued a long at 0.9545 with a stop loss at 0.95259. If prices breaks that support, it will invalid my uptrend analysis. Uptrend targets are 0.96 and 0.96787. Will trail my stops if prices can break 0.96. This is not a buy/sell call. Do confirm with your trading plan. Happy trading everyone :)

davidleekuanyong Updated 

AUDUSD had some selling pressure on 0.74080- 0.74100. This also confluences with the 100% Fibo extension level. Based on this information, I believe AUDUSD will continue trend downwards. I shorted at 0.74040. My stops at 0.74200. First downtrend target is 0.73640 while second target at 0.73170. This is not a buy/sell call. Do confirm with your trading plan....

davidleekuanyong Updated 

AUDCHF structure & price action shows high probability of uptrend. The pair triggered and executed my long order at 0.756 in the early hours of Wed Msia Time. My stop loss will be the 0.75020 zone. I will gradually trail my stops of prices can close above resistance zones. Resistance to look out for are 0.7638, 0.768, 0.78.

davidleekuanyong

I shorted EURNZD when it broke the 1.565 level. I will keep an eye to see whether the daily close can close below 1.565. If yes, I will continue hold onto my short sell. If prices goes back up to 1.565 level, it will negate my downtrend analysis. First downtrend target is the 1.5412 level while the second one is 1.52209. Above is not a buy/sell call, do make...

davidleekuanyong Updated 

4HR AUDUSD showed an EMA8-13 deadly cross and below key resistance of 0.747. Thus, if prices above 0.747, it will invalidate this downtrend analysis. If prices below 0.747 and EMA8-13 deadly cross in 4hr, there is a high possibility of a downtrend towards either 50% Fibo or 61.8% Fibo levels. I shorted at 0.74505. Risk management at 0.747. This is not a...

davidleekuanyong Updated 

EURUSD 4hr price below 1.09030-40 resistance. This may give us clue that EURUSD is going for a downtrend. If prices above 1.09030-40 resistance zone. It will invalidate my downtrend analysis. Downtrend targets are 0.382, 0.50 and 0.618 fibonacci retracement levels. I shorted at 1.08830 with stops at 1.09100. This is not a buy/sell call.

davidleekuanyong Updated 

For the past few trading weeks, AUDUSD formed lower highs in 4hr chart. In addition, there is a couple of bearish candles formed at resistance 0.75430-400. With this info, I believe AUDUSD will resume its downtrend. Downtrend targets are 0.382, 0.5 and 0.618 fibo retracement levels. If prices breaks above 0.75400, it will invalidate my downtrend analysis. I...

davidleekuanyong Updated 

seems like im late to this short party. There is a strong price rejection at 4hr's 1.44885-1.44900 resistance zone. In addition, 4hr candles has been creating lower lows & highs. I believe EURAUD has a high chance of trending lower for the time being. If prices breaks above 1.44885 resistance zone, it will invalidate my downtrend analysis. I shorted at...

davidleekuanyong Updated 

For the past few trading days, USDCHF trading above 0.992 support in the 4hr chart. Based on latest analysis, i believe USDCHF will uptrend towards 0.382 Fibo level with support at 0.992. If prices breaks below 0.992, it will invalid the uptrend analysis. Uptrend targets are 0.382 level, 0.5 level and 0.618 level.

davidleekuanyong Updated 

as of writing, 4hr price action show price rejection at 0.74800 resistance zone. There is a chance AUDUSD may resume its downtrend. I queued a sell stop at 0.74700. My target is 0.74500. My risk management will be 0.74800 because if prices breaks above this zone, it will invalidate my downtrend. Take note: Im not a good fundamental trader, hence i ignore all...

davidleekuanyong Updated 

EURUSD rejected 1.0936 resistance zone with a long red 4hr candle, as of writing. EURUSD could be heading towards first target of 1.08057 zone. Second target zone is around 1.07596. Third is 1.07145 zone. For your benefit, keep in mind support/resistance are not exact points but are zones. Risk management can be set at 1.09360 because if prices breaks above this...

davidleekuanyong Updated 

For the past couple of days AUDUSD failed to break 0.75400 resistance zone. And as of 26 April 9.40am Msia Time, prices had a strong rejection. AUDUSD could be heading towards 0.74912. Second target 0.74800. If prices break above 0.7540, it will invalidate this downtrend analysis.