leeweechong

leeweechong Updated 

Not considering geo-political tensions and Trump's trash talk. UJ has completed ABCD and 618 retrace on the daily chart. Let's see where this goes.

leeweechong Updated 

USDSGD completed ABCD pattern. Waiting for price action for USDSGD long.

leeweechong Updated 

UC double top. Price has pulled back past neckline and rejected.

leeweechong Updated 

Been monitoring this for day now and it is still consolidating as expected. Will probably take just a few more day but how it moves in the coming days will determine the breakout direction. Falling wedges have a 90% probability of moving in the bullish direction assuming there is no major events to change the fundamentals.

leeweechong Updated 

In general, USDSGD is moving upwards as per my earlier idea but current setup represents a 35-40 pips short term trade.

leeweechong Updated 

Wait for pull back pass neckline to 0.618 and price action to confirm downtrend before entering

leeweechong Updated 

XAGUSD completing point (c) on the idea I shared earlier. I re-entered with XAU long when it retested the bullish triangle and moves back upward. It is now in the supply zone so I expected we should see point (c) forming very soon. Once it breaks the uptrend in the supply zone, it will move down to point (d). If you're long on XAUUSD, you might want to TP soon....

leeweechong Updated 

No action recommended until pattern is complete and price action confirms downtrend.

leeweechong Updated 

Wait for price to pull back to neckline

leeweechong Updated 

Closing to entry point soon. Once it break 0.76660, it should fall nicely down.

leeweechong Updated 

No action recommended for now until point C is confirmed. It's getting closer so staying put and watch for price action when point C is met

leeweechong Updated 

Another triangle bearish forming at 4H. Risk consideration: currently at support structure for Oct Nov period on the daily chart. If this break though, the next support will be at 1.382 and then 1.378.

leeweechong Updated 

USDJPY bearish triangle on the 4H chart

leeweechong Updated 

No action recommended for now until point C is confirmed but I may initiate a long position since there is still 40% room till point C and XAG is only a bullish trend.

leeweechong Updated 

Bearish flag forming at the base. We may see a potential 60 pips drop early next week

leeweechong Updated 

If USDSGD does not go lower than 1.410 next week, it should stage a slow recovery possibly to 1.435-1.440 region towards late March.