traderfiz

traderfiz

We have seen there's a strong buying momentum as the price already break previous high. Buyers in control and some of them taking profit from their position.The best entry to join the buyers when the price retrace back to the breakout and support area. Let's see....

traderfiz

WOW! Seems interesting huh? Well, as you can clearly see, the price action during Jan'21 quite the same like Jan'20 which I expect the price most probably going bearish bias. But yeah.. it depends actually because market is so unpredictable. We cannot just rely on the pattern itself but need to consider how the price react on that particular market conditions....

traderfiz

Price at ranging state since Jan'21 and currently has a slow momentum as the price maintained in channel that doesn't break any support or resistance. My expectation to see the price touch previous demand zone and buyers might be interested to go long. I'll just wait until the price react nicely in my demand zone.

traderfiz

Price action is a must have skill that every traders need to master because everything in the chart happening due to human nature psychology. Just want to share some tips for this counter if we wanna trade using price action is, first thing we need to look at the bigger picture of the trend. Price already break buyer's territory and there's no creation of new...

traderfiz

Currently price in channel state and I'm waiting to entry at green zone area as there's a demand zone and significant support and resistance. Let's see how the price approach to that zone.

traderfiz

There are two situations that might happen next it's either price breakthrough the channel or make a little bit pullback before it break the channel. For safety reason and to minimise the risk, my entry preference might be after the price make a clean breakout and retrace to the decision point.

traderfiz

In my previous analysis, we are running profit almost 45% before the price move to the downside. Price previously touched supply zone and have a strong bearish momentum as for now. So, here's the update forecast movement for this counter. What I can see is the price currently making deep retracement to the downside as there's a lot of selling pressure today (dated...

traderfiz

Monitor price action on how it approach to the demand zone. Please note that sellers are still exist in the market which they push the price to the downside with strong bearish momentum. I would consider my entry in the green zone area as it is in line with support trendline.

traderfiz

Price currently in channel movement completing Wave 4 EW. My expectation to see price break above the channel and pullback as another confirmation to catch long entry. Or else, aggressive trader can consider to chip in buy now.

traderfiz Updated 

Price still in channel state. Don't have big movement and momentum to push up the price. However, I'm looking closely to buy in a green zone area.

traderfiz

We have seen strong bullish momentum as the price already break significant key level of resistance. In addition, price keep making Higher Highs structure so we just wait the price to retrace back at breakout point (now act as support/demand) and can consider to buy at green zone area.

traderfiz

In this analysis, I found out that the price already break the structure and we can see very strong bullish momentum. So, I'm just waiting the price to pullback in order to complete Wave 4 EW structure and entry area at 0.382 Fibonacci level. For now we just wait the price either to break above resistance in red zone area or retrace to previous breakout zone in...

traderfiz

This pair already break previous key level of significant resistance zone and might be pullback to the nearest support trendline. We can see that the major trend still in uptrend and as a confirmation, there's bullish engulfing at Daily timeframe. Entry area around green zone as there is a support trendline and also demand zone. Risking 35 pips with reward of 140...

traderfiz

Chip in buy around RM 0.31 - 0.33 as it is significant support area. Currently, price still in ranging and there's nothing to point out. Just wait for the price action reach to the green zone area.

traderfiz

There's no sign to entry for this counter as the price still in channel and no bullish momentum at all. Perhaps we could see some positive sign for a few months ahead.

traderfiz

In my previous analysis, we are up by 18% profit however the price doesn't move in favor and close the trade with 15% loss. The price still in consolidating and my entry area this time around RM 0.09 - RM 0.10. I'm looking closely the price action approach and react with my entry area. This time, big risk and reward cause I believe buyers are still in control on...

traderfiz Updated 

Price in bullish momentum as we cannot see any breakout to make lower low structure. For this entry, Green Zone area marked as demand area that might be good opportunity to go long for this counter. In addition, price still respect the trendline and there are supply that has not been clear yet. However, cut loss if the price break below the trendline and demand area.

traderfiz Updated 

Sellers starting take control the market for a short term movement. However, this is counter trend entry which quite risky as the major trend still in uptrend. Can use this analysis for short term entry only and need to monitor price action to the entry point. Risk 60 pips away from entry and 150 pips reward. Happy trading!