traderfiz

traderfiz

Rising wedge is a bearish pattern that begins wide at the bottom and contracts as trading range narrows and the prices move higher. For a short term, the price might bullish and can consider to buy at price RM 1527 since the price in completing Wave D before it will moves to complete Wave E based on Elliot Wave structure. Last but not least, monitor the price...

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Price already break previous high and potential rebound area around $0.58 - $0.61

traderfiz

Wait for the price to reject at Green Zone area and its the best opportunity to re-join the buyers.

traderfiz

Price in compressing and we can see there is still a bullish momentum for this counter as it keeps making Higher High structure. Area to be monitor is around green zone area with a small risk just below the support line and demand zone. Cut loss if the price against the analysis.

traderfiz

We have seen that the price keep continuing making lower low structure and sellers are still in control. So, it's the best time to find the opportunity to join the sellers momentum. Price just break previous Significant Support & Resistance and I'm looking to entry at the zone that the price break recently which is in the red zone area. We also can see that...

traderfiz Updated 

Please note that this entry is quite risky as the major trend still in uptrend. Setup for this entry are Channel Down + SSR + DBD at Doji candle + MPL level at H1 timeframe. Risky 50 pips from the entry point with target profit 150 pips.

traderfiz Updated 

Price currently in consolidation phase probably will continue a bullish momentum since there's no lower low structure and still respecting the trendline. Risk below the demand structure and cut loss if the price break the zone marked in a green area.

traderfiz

There are few key level to take into consideration for this counter. Based on my perspective, it would be great if the price reject the area of 0.16 - 0.17 and that area is reasonable to place buy entry. In addition, it is also in line with support trendline and significant support and resistance. Last but not least, look to the left and there's still supply zone...

traderfiz

Price keep making Higher Highs structure, potential to bounce at Green Zone area as it is in line with support trendline. Monitor price action to ensure the price approach in that area with compression.

traderfiz

Here's my analysis for "Kiwi" pair and there are two possibilities that the price might be reject in the Green Zone area. Price already made a clean break through recent Higher High level and Bullish Engulfing signal in H4 to confirm buyer still in control. I'll just wait the price to retrace back in the Green Zone area and confirm with price action before make...

traderfiz

Elliot Wave (EW) one of the most popular technique to identify the market structure. So for this counter, I'm using EW technique as we can see the price keep making higher highs and higher lows. This technique can be combine with Fibonacci Retracement to know exactly where the price will pullback. My favorite retracement level is marked in the Green Zone area...

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I'm looking to place long position at green zone area (1520 - 1513) since we have a Significant Support & Resistance and it is very important key level as the price already made a clean break in that area previously. It would be nice if the price move in compression to the entry area.

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Entry area: 0.355 - 0.375 Stop loss: 0.340 Take profit 1 & 2: 0.425 & 0.435

traderfiz Updated 

Price in uptrend and buyers are still in control. Based on Fibonacci Retracement, the price might be retrace to 0.382 in completing Wave 4 before it will move to the next resistance level to complete Wave 5. Another confirmation that we have, the entry is in the area of strong significant support and resistance which the price made a clean break to the previous...

traderfiz Updated 

Price in uptrend and already break the previous resistance area. So for this entry setup are SBR + SSR, Bullish Enfulfing H4 and also support trendline. Expect price move in compression to the entry point. Risk 35 pips away from entry and TP at next resistance area.

traderfiz

Price in channel up and still respect the trendline. Look closely at area 1850-1855 for buy entry. There's possible fakeout and price might be splash to the resistance level area 1930-1935. Happy trading!

traderfiz

The price in channel and the structure still don't have any sign to make new Higher High. So for this setup, I prefer to short at resistance trendline, significant resistance and strong supply zone. For this entry I'm risking only 35 to 40 pips away from my entry point in red zone area.

traderfiz

Price structure showing bullish momentum as the price keep making HH and HL. Even though when we look at the bigger timeframe the price still in ranging, I expect the price will find the next resistance level around 0.135. My entry point around 0.08/0.075 as we can see the price already made a clean break and possible to retrace at 0.08/0.075.