terencejong

terencejong Updated 

GBP/USD 4H TF: IF price manage to close above the zone, will give raise for long into 1.29860 IF price break below 1.28718, give rise to quick scalp, however, the overall trend is still bullish. IF this scenario playout, it's a break and retest on 4H TF, respecting current support zone at 1.28381. Failure to break and close below at 1.28381 give rise to long as well.

terencejong

DXY: Bias: Strong bearish Expecting price to pullback for further download 103.450 act as critical area as price tap precisely, a closure below the price give rise for potential downside into 102.470

terencejong Updated 

- HTF Perspective, price is consolidating, however, numerous opportunity will appear for scalpers. H4: 1. 192.275, act as major resistance and price has respect the overall trendline which make sense for price to have some negative impact at it. 2. Previous candle closure act as short-term bearish opportunity, align with the resistance and rejection on the...

terencejong

Trend: Bullish Bias: Bullish Key area: 1.29152 , price has rejected that zone and formed a wick, which means this price is acting as major resistance. Safe Longs: A break and closure above 1.29152 Aggressive Longs: 1.28490 Confluence: Price is still uptrending and has no signs of bullish exhaustion. A break above the current resistance gives a clean traffic to the...

terencejong

Bias: Neutral Trend: Very Bullish Idea: For scalper, safe short can be place after can be taken after a break and closure below 1.27984 Key area: 1.27984, please be mindful that this is a critical area, where, longs can be taken as well. The reason behind this is because it's a break and retest scenario on lower time frame, and respecting higher time frame for...

terencejong Updated 

1. Bias: Dollar Strength 2. Expecting price to pullback into 107.388 for further Dollar strength 3. 106.759 (worst scenario for short-term dollar weakness), if price tap into this price, high probability for dollar to gain strength from here.

terencejong Updated 

Weekly TF: Price has formed a break and retest scenario at early stage 4H TF: 1. Multiple time of price rejection at 1.26775, therefore, this act as major resistance 2. Price has also formed 4H tf break and retest at 1.26192, which gives a high chances for potential short. 3. Potential target profits has been plotted.