weiloon940718

weiloon940718

The price did not make a new high and retrace at near 1356.80, so it may again fall to test point D where there is AB=CD, FIBO 1.272 @ BC, and FIBO 0.786 @ XA (Gartley pattern). I did not entered at point C, so i will wait the price to point D and ready to open long position. TRADE IDEA : BUY AT NEAR 1319-1322 SL : 1316 TP : 1366

weiloon940718

The price falls from the resistance level near 97.50 and goes down to point B. It retest the FIBO 0.618 of AB and reversed down, so there may be a continuous downtrend to level near 94 where FIBO 0.786 of XA and AB=CD is located. So i am interested to short it NOW. TRADE IDEA : SELL NOW AT 96.19 SL : 96.70 TP : 94.00

weiloon940718 Updated 

I have published about the daily chart gartley before, and this is a smaller possible gartley in H4 chart. So there will be a short term buy opportunity at between 0.73628-0.73814. But i will see the price action at there first before entering the market. If this idea fail, then i will sell high until price reach next PRZ (refer to the idea that i published...

weiloon940718 Updated 

There is 4 indicators that converge at one place which is near 1.12210-1.12360 (PREVIOUS BROKEN SUPPORT, FIBO 0.618@XA, FIBO 1.272@BC, ab=cd). So I am interested to sell at there. TRADE IDEA : SELL AT NEAR 1.12210-1.12360 SL : 1.12600 TP 1 : 1.11064 TP 2 : 1.09519

weiloon940718 Updated 

There is a possible pattern(not very ideal as the 2.618@BC is not at point D) found in H4 chart, so i am interested to long at there, but better to wait a second confirmation (as shown in chart) and see the price action there first before enter the market. TRADE IDEA : BUY AT NEAR 100.833 SL : BELOW THE REVERSAL POINT (WAIT THE REVERSAL POINT FORMED) TP 1 :...

weiloon940718

Even though I have published about the possible cypher pattern (in pink) for this currency pair, but i have found another smaller bullish bat (in green), which show a potential reversal zone PRZ at between 0.67477-0.67875. So we could have 2 PRZ to long this pair of currency. This also means that the price now may have chance to go further down IF level 0.72564 is...

weiloon940718

The price hit FIBO 0.618 of XA and start to pullback, i have opened a small long position there and TP at 1.31110. Since i had shorted at 1.32072, so i am interested to short again at either 1.31110 or 1.31628 (point C) also, and at point D, i will look for buy opportunity. Anyway, lets see the price action first. TRADE WHAT YOU SEE, NOT WHAT YOU EXPECTED.

weiloon940718

From the chart you should have noticed that there is higher low and higher high that form an uptrend channel, but since the candles show strong bearish trend, i will open smaller long position if there is reversal candle appear at there. This is a counter trend trade idea, do not bet too much on this trade. TRADE IDEA : BUY NOW AT NEAR 101.92-102.166 SL :...

weiloon940718

The price breaks the crucial support near 42. I am interested to sell high until next crucial support at 34.20-35.81, then i will look to open a long position at there. TRADE IDEA : SELL AT NEAR 44.00-44.42 SL : 45 TP : 35.81

weiloon940718 Updated 

As shown in the chart, there seems an ideal gartley pattern and the price level 1.09556-1.09802 is the potential reversal zone, there will be a good long opportunity, but lets see the price action at there first. TRADE IDEA 1 : BUY AT LEVEL 1.09556-1.09802 SL : 1.09380 TP : 1.11490 TRADE IDEA 2 : BUY AT LEVEL 1.09014-1.09115 SL : 1.08700 TP : 1.11490

weiloon940718

From the chart, there is a non-ideal Gartley pattern where the potential reversal point (point D) is at between 97.77-98.18. The final defence of possible bearish setup is at near 98.50 where there is inverse FIBO 1.618@AB. Unless this level is broken, i still look for short opportunity (at least short term opportunity). TRADE IDEA : SELL AT 97.77-98.18 SL :...

weiloon940718

This idea is somewhat similar with the AUDUSD i posted just now, but it is in Cypher pattern. The point D is also very near to the FIBO 1.272 of BC, so there will be the potential reversal zone. TRADE IDEA : BUY AT 0.64983-0.65600 SL : 0.64490 TP 1 : 0.69667 TP 2: 0.73247

weiloon940718

In this daily chart we can see an almost-perfect Gartley pattern, where the point D is at the level 0.69860-0.70422. For those who are interested in long term trade, this will be a good price level to enter, WITH THE CONFIRMATION OF CANDLE REVERSAL SIGNAL. Additionally, we can also expect the current downtrend to continue until point D, for those who already have...

weiloon940718

In H1 chart, there is higher high after testing the crucial support level 19.097-19.210, so i am still interested to buy low and the first place to look is FIBO 0.618 where there is also the broken resistance that turns into support. Look at the price action there first before enter the trade. TRADE IDEA : BUY AT NEAR 19.477 SL : 19.350 TP 1 : 19.928 TP 2 :...

weiloon940718 Updated 

The price has rallied almost $3 per ounce after the resistance level 17.944 is broken. Unless this resistance-turn-support level (17.820) is broken, we still look for buying at low since we should not chase the price, first price level to consider is FIBO 0.382 (19.081), second level is FIBO 0.618 (17.820), where the resistance-turn-support level located...

weiloon940718 Updated 

The price has tested the crucial resistance area 106.160-106.765 and break the trend line thereafter. So i am interested to short for the libra pattern. For a safer plan, we can wait for price to break area near 104.987 and sell the pullback. TRADE IDEA 1 : SELL AT NEAR 105.793 (WATCH PRICE ACTION FIRST) SL : 106.460 TP 1 :103.967 TP 2 : 100.50 TRADE IDEA 2 :...

weiloon940718

The price breaks the upward trendline, so i am interested in selling high.The first price level to consider of course is FIBO 0.618 (if 1.31321 is broken when market open in monday then this idea will be violated) TRADE IDEA : SELL AT NEAR 1.33474 SL : 1.34100 OR ABOVE THE REVERSAL POINT TP 1 : 1.31070 TP 2 : 1.28664

weiloon940718

There is the AB=CD pattern in an uptrend channel, there is also the FIBO 1.272 and the price tried to break this FIBO level 2 times but fails. So, if this level is broken (and also the 97.07 where the CD ends), then DXY will turn bullish. If not, i still prefer selling high. Anyway, lets see the price action at this potential reversal zone.