ChinaHelloWorld

ChinaHelloWorld Updated 

The price is moving inside a short term down trend channel and retracted back to previous support line and now working as pressure line. The SlowStoch is in over bought level and crossed in 16 hours time frame. RSI is in 50 level and turned to south. Try to short and target is the down trend channel bottom line area. It could be the fifth wave to South.

ChinaHelloWorld Updated 

The price would be possible have a retraction, since a divergency show up long time between the price movement and the RSI in 16 hours time frame. The Slow Stock is in over bought level, the price is near the up trend channel top line area and previous top as pressure line. The price is in fifth wave top area. Try to short the retraction.

ChinaHelloWorld Updated 

In Daily time frame, the price got supported by a short term channel bottom line. Slow Stoch and RSI both are in a over sold level, crossed and turned to North. The price would turn to North and moving in a big sideway channel. Stop long trade if the price break out the short term channel bottom line area.

ChinaHelloWorld Updated 

The price moved out from the short term up trend channel bottom line and retracted, now, price is moving out from the short term up trend channel again. It could be the cypher pattern "C" point generated and will start the "CD" leg to South. SlowStoch and RSI are showing divergency in Daily time frame. There could be two take profit positions in previous support lines.

ChinaHelloWorld Updated 

The price tested the previous top and generated shooting star in 16 hours time frame, SlowStoch and RSI are in over bough level. The price could be continue moving in a big side way channel. There are three possible take profit positions.

ChinaHelloWorld Updated 

The price retracted back to previous support line which works as pressure line now. It is possible continue moving to South and touch the down trend channel bottom line and previous support line area. SlowStoch is in over bought level and crossed in 16 hours time frame. RSI touched the 50 level and showing turned.

ChinaHelloWorld Updated 

Previous Long AUD/USD strategy got broken even though RSI, SlowStoch are both in over bought level in daily time frame, so, think another way, it could be a strong dropping. There is one long term down trend channel and the price is moving back and inside the big down trend channel top area, it would still have big dropping room inside this down trend...

ChinaHelloWorld Updated 

The price is running inside both of a middle term down trend channel and a long term up trend channel. It is in the top area of the down trend channel but in a bottom area of the up trend channel. Current it is the fourth time tries to break out the North in a short term resistant line. If break out this resistant line, it possible will also break out the down...

ChinaHelloWorld

The price touched multiple pressure lines crossing point. SlowStoch and RSI both are in over bought levels and crossed in 16 hours time frame. Try to short since the price is still in the down trend channel.

ChinaHelloWorld Updated 

In daily time frame, the price would try to touch the important resistant level which it has tried on Oct 24, 2022, Nov 14, 2023, this is the third time try to touch this resistant level. The interval between the previous two tries is almost one year, but the current third try just about 3 months after the second try. It looks the price has strong intention to...

ChinaHelloWorld Updated 

In day time frame, the AUD/CHF is showing divergency in RSI. SlowStoch and RSI are both in over sold level and turned with same timing. The price is moved out from a middle term down trend line, and it is supported by previous Triangle pattern bottom line level. It is not bad to try long based on the patterns.

ChinaHelloWorld Updated 

In daily timeframe, the CAD/CHF is showing clear divergency in SlowStoch, company with RSI with same timing, both in over sold level and turned to North. The price has touched the long term down trend bottom line, it could retrace to the down trend top line area on Feb 26. Stop if the price break down the down trend channel bottom line level. Similar long trade...

ChinaHelloWorld Updated 

The price is in two channels top lines area, "SlowStoch" is over bought and crossed and turned to South in daily time frame. Candle in Daily time frame is generated shooting star in previous day. Short EUR/CAD and target positions could be in several possible positions. Similar, short other EUR pairs

ChinaHelloWorld Updated 

GBP/USD touched a big up trend channel bottom line area and break out the short term down trend line to south. Current market is positive. Based on timing, it could be time to North and the target take profit place is the big up trend channel top line area.

ChinaHelloWorld Updated 

The price touched the big up trend channel bottom line area, It could be in the timing of turning to another direction. In daily time frame, Slow Stoch and RSI are both in over sold level and try to turn to North. Short term target position could be 1.1428 on April 18, 2024 on the channel middle line. Long term target position could be 1.2418 on Jun 19, 2024...

ChinaHelloWorld Updated 

In a very very long term time frame (Monthly), the JPY pairs could be in a very important breakout position and time now! and maybe really need to watch out! The price has touched and closing to two long term channels pressure lines crossing area. If this time, it could be able to break out to North, then, it is break out two long term pressure lines and the...

ChinaHelloWorld Updated 

Current market is positive, since JPY pair could be continue to North. The AUD/USD is still moving inside a big triangle pattern bottom line area. There is clear divergence pattern generated in RSI and Stoch in Daily timeframe. Try to long AUD/USD similar as long CAD/USD. Take profit target could be the big triangle pattern top line area, which also could be a...

ChinaHelloWorld

In a failure Divergence pattern, "RSI" and "SlowStoch" indicators did not keep moving up and broken the previous up trend support lines. It could be a warning to exit the long trade. In a correct Divergency movement, the Price was positively moving to correct direction without broken the support line in "RSI" and "SlowStoch" indicators.