kfrivaldo

kfrivaldo

For the past couple of days, the pair is not able to close previous (2019) high, this has also formed a right should lower than the left should which suggest that the pair is losing its momentum on the upside. thirdly, the gap is something to watch out and is poised to close it.

kfrivaldo

From a weekly perspective, the pair has plunge quite rapidly and last week was a pullback. If the pair can hold below 0.6239 then we can possibly see a continuation of the bearish trend.

kfrivaldo

After a pullback, the pair is ripe for another drop in consideration of COTR's weak longs and strong shorts for NZD which suggests that NZD are getting weaker, while USD are also weak on their longs but their shorts are not increasing which suggest that the longs on USD are still in control.

kfrivaldo

looking for a pullback after an extended drop.

kfrivaldo

COTR shows that the Longs are in control for USD while Shorts are in control for JPY thus, the best opportunity is buy. Looking to buy on the dip towards 110.248

kfrivaldo

COTR shows that the Shorts are in control thus, only sell opportunity is monitored Looking to sell on the next rally towards 1.0924

kfrivaldo

Looking for a sell opportunity at 1576.93. If the price rally towards the said level but could not close above it, I am looking for a sell opportunity with an SL at 1595.35 and TP at 1519.53 On a different note, COT shows successive months of Long position for non-commercial, the natural behavior is to dispose their longs (or to take profit)

kfrivaldo

initial trade with smaller position is ideal when 1.9050 level will be broken then starts to accumulate position at 1.8830 and add more if the price breaks 1.8565. my long term bias is short on this pair.

kfrivaldo

forming a coiling market, the built up pressure will look for a release anytime it breaks the triangle pattern.

kfrivaldo

Entry - 1.2600 SL - 1.2528 TP - 1.12741 If the NFP is below or equal to 120k and Ave. Hourly Earnings is below or equal to 5.4% (in other words, both negative US data), the trading plan is valid. if the NFP is above 164k and Ave. Hourly Earnings is above or equal to 5.5% (in other words, both positive US data), the trading plan is invalid. I will look for...

kfrivaldo

Short SL - 1314.22 Sell Limit - 1303.03 TP - 1250.05 Higher time frame (W1) shows weakness in bullish momentum. It has also formed a Head and Shoulders. Alternatively if the price could not break 1293.00 level, a sell position @ 1290.00 with the same TP at 1250.05 and SL at 1306.50

kfrivaldo

SL 126.850 sell limit 125.760 TP 123.76 a previous drop base drop zone (126.04 - 125.77) is a key reversal area which has a confluence with the downtrend channel.

kfrivaldo

A break of Rising wedge followed signals a bearish trade with 108.75 Entry 112.150 SL 109.90 TP1 108.79 TP2

kfrivaldo

No clear structure. Better to sit this one out for now. Wait for price to hit 1.433 zone (where it is at the resistance level of the downward channel) then followed by bearish price action.

kfrivaldo

Short term trading with pure TA only * H&S * RSI downward * RRR = 1.5:1

kfrivaldo

Looking to see the market retest the demand zone

kfrivaldo

Fundamental: * Oil price rallied on the backs of an improved US-China trade relationship and continued efforts by major oil exporters to stabilize the market * More dovish Federal Reserve (cautious about pushing ahead with future rate hikes) * supply cuts (reductions of 1.2 million barrels a day) on the oil market, which are now finally being priced Technical: *...

kfrivaldo

Potential short term bearish move towards 95.98. Previous reversal zone (96.59 - 96.99) has been broken. But on a larger time frame, the uptrend is still intact. If the price reached 94.91 or even 94.20, it is a better long opportunity.