The market rose after FOMC's Interest rate decision and it is pulling back now. The 0.618RET of previous rise is at 96.9 levels which is also a good support zone. Meanwhile good Supply Zone works at 96.8-96.9 levels. So it is good to buy at 96.8-96.9 levels when the price action gives signals in the PRZ. SL: below 96.8 TP1: 97.4 TP2: 97.8 TP3: 98.8 and further more
The market drops well but it will face strong support next. The 0.618RET of previous rally is at 1245.3. Meanwhile the bullish AB=CD will complete at 1244 level and the 1.618REXT of B-C is at 1246.2. Additionally, the good Demand Zone also works at 1240-1245 levels. So it is good to buy at 1240-1245 levels when the price enters and gives signals in the PRZ. SL:...
The DXY has fallen from the beginning of this year,now it is half of this year, will it continue to drop or start to reverse? The FOMC's Interest rate decision is coming soon,and it may trigger a great reaction to the market, especially to DXY . The DXY may face a strong support now. 1.The 0.618RET of the previous rise from 91.9 to 103.8 is at 96.47 level;...
The 0.618RET of previous drop from 0.775 to 0.732 is at 0.758 level and the 1.618REXT of sub-drop from 0.751 to 0.737 is at 0.760 level. Meanwhile 0.758-0.760 is also a fresh Supply Zone where also a good resistance. So it is good to sell at 0.758-0.760 levels when price action gives signals in the PRZ. SL: above 0.762 TP1: 0.746 TP2: 0.737 and further more
The double bottom formed and the market is pulling back the 0.618RET where also a good Demand Zone locates. Meanwhile the strong support also works at this zone. Additionally, the bullish Libra Pattern is forming. Maybe it is a long term buying opportunity. So it is good to buy at 1.647-1.663 levels when the price enters and gives signals in the PRZ. SL: below...
Trade safe!
The 0.618RET of prevous deciline is at about 1.522 and the 2.618REXT of previous drop is at 1.515. Meanwhile the Supply Zone also works at 1.516-1.522 levels and the previous high point is a resistance. Additionally, the RSI has been divergent already. So it is good to sell at 1.516-1.522 levels when price action gives signals in the PRZ. SL: above 1.533 TP1:...
The market soared quickly in last month, and will it move further? The strong resistance is not far. The 0.618RET of previous decline from 0.748 to 0.681 is at about 0.723 level. The 1.618REXT of previous decline from 0.705 to 0.681 is at about 0.720 level. Meanwhile a good Supply Zone works at 0.720-0.723 levels. Additionally, the RSI will be overbought if the...
The market is moving along the downward channel, will it decline lower? Maybe a good buying place is near. The 0.618RET of previous rise is at 140.37 level. Meanwhile the good support zone is at 140.3-140.8 levels which is also a fresh Demand Zone. Additionally, the RSI has been divergent already. So it is good to buy at 140.74-140.79 levels when price action...
The market has breached the upward trendline, and also the starting point of last rise was broken out. Now the price is pulling back, maybe a short-term top formed. A good short place is at the 0.618RET which is also a srong resistance. Meanwhile the Supple zone also works at the area. So it is good to sell at 1.293-1.295 level when the price pulls the PRZ back...
The market has broken out the neckline of the short-term double top and is pulling back now. A good short place is where the 0.618RET and the 2.618REXT converge. Meanwhile a good Supply Zone also works at this zone. So it is good to sell at 45.8-47.3 levels when price action gives signals in the PRZ. SL: above 48.9 TP1: 38.0 TP2: 35.2 and further more
The market has broken out the neckline of the short-term double top and is pulling it back now. A good short place is at the 0.618RET which is also the 1.618REXT.. So it is good to sell at 0.00000145-0.00000140 levels when the price pulls back again. SL: above 0.00000161 TP1: 0.00000113 TP2: 0.00000096 and further more
The market had pulled back the previous broken structure twice and then had a big fall. Now the third pullback is coming. The broken structure locates at 49-49.2 levels which is also a Supply Zone. Meanwhile the 0.618RET works at 49.3. So it is good to sell at 49.0-49.3 levels when when the price pulls back. SL: above 49.4 TP1: 48.2 TP2: 47.7 and further more
In the weekly chart, the market has soared quickly in the past few weeks, will it go on? Maybe it is not because a strong resistance is near. The 0.618RET of previous decline from Aug 2015 to Feb 2017 is at 1.545 level and the 1.618REXT of the drop from Dec 2016 to Feb 2017 is at 1.539 level. Meanwhile the Supply Zone also works at 1.540-1.560...
The market is pulling back the 0.618RET of previous rise and this level is also where the Demand zone works. Meanwhile the RSI has been divergent. So it is good to buyl at 1.341-1.344 levels when price action gives signals in the PRZ. SL:below 1.337 TP1:1.358 TP2:1.365 and further more
The bullish Libra pattern completed at 110.0-110.1 levels and the 0.618RET of previous rise locates at 110.5. Meanwhile the Demand Zone also works at this area. So it is good to buy at 110.0-110.5 levels when price action gives signals in the PRZ. SL:below 108.1 TP1:113.5 TP2:115.3 and further more
The 0.618RET of previous rise locates at 1.844 level. The bullish Bullish 1.618AB=CD pattern is completing at 1.840 level and the 1.618-1.786EXT of AB is at 1.840-1.845 levels. Meanwhile the Demand Zone works at 1.839-1.844 levels. Additionally,the RSI has been oversold. So it is good to buy at 1.840-1.844 levels when price action gives signals in the...
DEPENDING on 4h close , i will be looking to short @ the 0.618 retracement hoping for a strong downside