$HSI is stuck within 29900 - 29500 area. the range become smaller and we have shifted down balance after the high of Apr'19 . Today, HSI bounced at 29600, this was showing that market still "hopping" for long term bullish. But I don't see any market conviction yet on the up side. 29900 still the bracket for couple of days. we are in distribution pattern, but...
DAX made huge bearish rotation yesterday, on European Market Session. and buyers strongly responded at 11050, which also a about a mid range and price of control (POC) of last week balance. The bearish rotation responded from 11300 area, which is also the the low of November'18 main value area, and also near its POC. DAX made deep low extension, and Last night...
the OANDA:DE30EUR is near 4hrs resistant @ 12450 , then next will be 12600. The Reversal formation @ 12200 support area make the price can go more further to north side. I am seeing bullish on long term with deep bearish correction. I am planning to clip the shorts and try to find longer term setup for longs.
OANDA:WTICOUSD is in up move agresively. OANDA:USDCAD is building beairsh Wolfwave formation. In 4hrs chart it shows a Sign of Weakness. So here is my trading plan, I will be looking for bearish pattern on 4hrs chart or lowers, but will also try to hedge with scalp long positions, until bearish formation being built on Daily chart. Any bearish trend on US...
The TVC:DXY is likely narrowing on the top and previous Supply Zone. The is no sign of weakness yet, but the up move can be limited. When DXY is in resistent area, mostly the cross rate will be much sexy..
The Dollar index is showing another weakness, that may drive OANDA:AUDUSD to move higher reaching the upper channel of daily bearish channel. Here we can clip some shorts and accumulating longs positions. Clipping some shorts in intraday pattern and longs on 4hrs chart patterns.
$SGDJPY, may be time for bearish turning point, but must break 82.65 support. then 82.55. I shouldn't back to lower then 4hrs chart for direction analysis. but, My eyes just can't let it here drop without me getting wet.. I want to take 30 mins risk here for short positions.
GBPJPY pair is back on bearish now. I tried to stay on bulls side, but after couple of no follow through on bulls, I must move to bearish side, after seeing the weakness. Well.. trading is not a religion, I must see who is the strongest side at the time.
SGDJPY is mostly possible for bearish in longer run. Then YEN cross biases are mix.
OANDA:USDCHF is likely forming nice daily support formation @0.9735 area, typical shortening of the thrust. in 4hrs chart, price made nice potential higher low formation and I am hunting for bulls here. 0.9850 is my minimum daily target. let see if there is nice friendly spot for long entry.
Since I was looking for bearish at GBPUSD ( ) I also spot another bearish for GBP on GBPJPY OANDA:GBPJPY . Right now the pair give nice pull back, let see it will give selling signal around / below 152.50 area.
GOLD has been down very sharp and i am expecting to see the accumulation around here @1.230/1.240 . I will be waiting for accumulation in intraday. I am going for buying and selling around this price range. I like to see GOLD as risk hedge for Christmas and New Year Holiday.
This may be the last Daily bearish signal trying to push lower. We saw many Bearish signal, but GBPUSD can't go to around 1.2800/2500 level area. if this nice bearish signal can push the pair down deeper, I must consider more on Bullish side.
GOLD has been bearish very sharp, but will it be the last and buyer accumulation around 1.230/1.240 here ? still no clue for bullish reversal, but let see if the GOLD become the hedge risk for the Christmas and New Year holiday. I am will be buying and selling in intraday until the formation is valid for either bullish reversal or bearish continuation.
GBPUSD is likely forming for bearish momentum for CD down leg pattern in Bullish Butterfly pattern in daily formation, here I hunting intraday bearish formation to glide on it. usually December is very good for USD. Others, I am watching for bullish reversal on GOLD for USD risk hedge.
OANDA:GBPJPY $GBPJPY , Selling pressure is shown since 15 Sep'17. Great Weakness also shown at 25 Sep17. the pattern is making Trading range here. I am shorting here first and see if the price can break 149.70 low to confirm distribution pattern after long bullish in 4hrs chart. Daily chart show that GBPJPY just break the trading range, and that confirm for...
$AUDJPY could be a form a bullish reversal in daily chart. therefore, any selling in intraday should not be consider for a long run. look at strong daily bar at Jun 7, 2017. it indicate a strong buyer and possibly will continue up. I am monitoring 82.60 break for down move. if this a solid work, it will drive to south, but will watch out for any support. I don't...
$USDCHF daily look also bullish, but the price may go south for re test the support in short term time, before it goes north for longer time frame. 0.9740 - 0.9725 will my watching area for support level, as I sold at UT formation.