joseph_tan

joseph_tan

As equity index signals volatile movement, it energies the precious metal with fuel just at the right time as it grounding near rigid demand zone - i.e. heavy volume of transaction.

joseph_tan

OANDA:EURUSD has successfully retraced to a significant demand zone after a strong rally. It shall be ready for next wave of rally soon once sufficient volume accumulation by the market, especially smart money. caution of early entry which might hunted out by the market. Suggest to enter at very distinct bullish price action. May the market be with you!

joseph_tan

Short OANDA:EURUSD when price action shown bearish signal near supply zone. Preferable distinct bearish candle.

joseph_tan

OANDA:EURCAD Price Pattern in Pennant, if the price is to reverse, potential TP near point of control. Beware that it is a counter trend trade. trend disruption (e.g. higher low or higher high) to appear will add winning expantancy.

joseph_tan

The rally of OANDA:CADJPY has reached significant supply zone. Volume decreasing indicates the weakening of the bullishness. General view, it is a cup and handle process (handle part in the process). We shall see small shorting opportunity of pull back, after the rally passed days. Target take profit above the heavy cluster of volume at POC.

joseph_tan

1. The existing long position that had placed or accumulated at heavy transaction price zone will protect their long position when price retrace near to that zone. 2. The smart money place for short position will potential take profit (i.e: buy order) above the heavy transaction price zone Both above accumulated lots of buy order to fueled the bullish...

joseph_tan

Clear uptrend on NASDAQ:AMAT within health retracement session. We shall see bullish price action above point of control to signal an entry. Trade not significant if price move to low transaction zone (which is below 50MA in this chart), indicating weakening of bullishness.

joseph_tan

Bullish Engulfing Pattern formed after few constipating candles. Price were consistently supported by 61.8%, last price closed above 50MA is another plus point to the trade. However, suggest to protect profit as potential resistance at the gap above (78.6%).

joseph_tan

Sweet bullish price action formed by last trading day. Bullish engulfing pattern with higher volume after the accumulation stage near Point of Control. Due to earning coming soon, target very near profit (probably 1:1) before the announcement (20th Aug) to avoid fluctuation. Perhaps, tight stop-loss for those steel guts.

joseph_tan

Weakening of selling force with declining price action vs declining volume. Potential reversal on the current retracement at demand zone. If bullish candle close above 50MA, it shall then follow by continuation of the up trend towards next level of resistance. However, if bearish candle close below trend line, we shall expecting price to fall towards next level...

joseph_tan

Candles shown weakening volume as price move towards supply Zone. Potential short position when bearish candle appear at supply Zone.

joseph_tan

OANDA:EURUSD Chart is in cup and handle pattern, wheres handle is in the forming process. Long position is sighted if bullish signal appear between 50% - 61% of fib. The structure not valid if price broke below the depth of the cup (and also it is 50MA).

joseph_tan

Gold to be support by significant cluster of volume demand, around fib 61.8%.

joseph_tan

NASDAQ:PYPL Paypal is at healthy retracement if we see good reversal at fib 50%. Gap acting as good support near 50%.

joseph_tan

NASDAQ:EA Gradual falling in volume signs weakening of retracement momentum. Long position shall be sighted an entry opportunity at fib 50%, in confluence with 50MA.

joseph_tan

Majority Flush Down appear at OANDA:NZDUSD , squeezing the previous swing low level before bullish signal.

joseph_tan

Price action squeezed upper limit of supply zone. Bearish thrust has hunted initial stop loss above previous swing high candle.

joseph_tan

EURURSD is retracing from a tested supply zone. It is then potentially to rally from a cluster of demand as shown in volume profile. in which, it confluence with Fibonacci 50%.