menyuken

menyuken Updated 

Three SHORT points marked in chart, let's see the price action...

menyuken

AUDUSD has finished bearish AB=CD in 4H, currently is running into another bearish AB=CD in daily view. Let's wait for the price action which is exceeding B to confirm the pattern. The target of this AB=CD in daily view would be at the neck line of previous wave, which is also at FIBO 0.5 of previous wave. Have a nice weekend!

menyuken Updated 

As subject, currently we need to wait for price action -> exceed B. Then there is no resistance structure any more until the D has been reached. Another point is that the retracement of previous AB=CD and current potential AB=CD are all 0.5 which could give us good wish for the completion of the 2nd one. Anyway, let's wait and see the result of the 1st step...

menyuken Updated 

As subject, trade setup as below; ENTRY: 17.140 SL: 17.300 TP1: 16.861 TP2: 16.688 TP3: 16.409

menyuken

As subject, setup as below; ENTRY: 1.33002 SL: 1.32646 TP1: 1.34103 TP2: 1.34784 TP3: 1.35885

menyuken

USDJPY has got out of the bearish channel, formed Gartley but kept climbing up from the completion point. Anyway, so far the price has entered into the resistance structure, divergence is visible in MACD, but not in RSI. Based on current situation, we could try SHORT at X point, detailed setup as below; ENTRY: 111.449 SL: 112.038 TP1: 106.641 TP2: 103.642

menyuken Updated 

There is a potential bullish Cypher in Oil day view, currently the price is near the pattern ending point. On the other hand, bottom divergence is visible in Day view as well, which could give us more hope for the trend switch. In addition, as Oil has already broken the trend line, in case the pattern could be formed. It could provide a good chance to pull...

menyuken Updated 

As subject, to my understanding, whatever the price breaks the top or bottom of the triangle. it's time to finish the 2nd corrective wave and start the 3rd corrective wave. So the assumption is that price might fall to the 0.5 level of the 5 impulse waves and finally reach/test the resistance structure between the 0.618 and 0.786 level of the 5 impulse waves after...

menyuken Updated 

As subject... ENTRY: 43.4 SL:43.00 TP1: 44.36 TP2: 44.96 TP3: 45.38

menyuken Updated 

Sliver just rejected by the resistance structure which has been tested many times, and formed twin head pattern in both 4H and 1H. Get ready to open SHORT at 0.618 pull back. SHORT: 18.446 SL: 18.738 TP1: 17.703 TP2: 17.064 TP3: 16.029

menyuken Updated 

USOIL almost finish AB=CD, let's watch the kindle reaction at the potential finish points, 1.272 -> 41.41 and AB=CD -> 41.88.

menyuken Updated 

Put my rough idea for Silver trend here, will update weekly, just for trend study/follow up. On the other hand, I want to get some guide/indication/clue from it for my daily trade, coz the long/mid term direction recognition could give better guide to the daily trade. Do the correct thing at the proper time is the most important thing in trading world. Of course,...

menyuken Updated 

There are double/triple bottoms formed already in GOLD 4H. Currently the price has been rejected by the resistance structure on top it. This would be a good 2618/3618 opportunity, let wait and see the kindle reaction at 0.618, and get ready to OPEN LONG. The TP/SL could be set to near the resistance structure at the top/bottom in the chart.

menyuken Updated 

After the BAT has been finished, a potential Gartley is on the way. Currently the price is reached the resistance structure, in case the price stop here and start to drop, then this potential Gartley could be formed and the finish point is around 17.475. Let's wait and see.

menyuken Updated 

The resistance structure seems work, and a weak UP trend has been formed, assume a potential AB=CD is on the way. Need to wait price action -> exceed C which could give us more clue.

menyuken Updated 

Silver is running into a potential Butterfly. Now is very good opportunity to SHORT, then as there is structure around the 1.272 position. So let's wait and see the kindle reaction there. To my understanding, that would be a very good LONG opportunity. Let's wait and see.

menyuken Updated 

Oil just finished Gartley, not sure if started a Butterfly. Since C is lower than A in this potential Butterfly. But the reality is that the resistance structure is just ahead. Let's see if there is SHORT opportunity available around 1.272 and the resistance structure.

menyuken Updated 

USOIL performs a AB=CD, let's watch the kindle reaction at the potential end point of CD, which would be at 1.272 position. Since there is huge kindle at the starting point of CD. On the other hand, there is a resistance structure near it. Let's wait and see.