Asian
Asian Paints - Bat Pattern Asian paints daily has Bat Formation.
Bat prz zone is at 1860 levels which is near with gap resistance at 1840, hence this provides us with supply zone of 1860-1840.
Stop loss can be place at 1900 levels with a target of 1700 levels.
Entry of trade can be planned on lower time frame in the zone of 1840-1860.
PLEASE DO NOT FOLLOW BLINDLY, DO YOUR OWN RESEARCH.
S&P/ASX 200 Possible Bullish MovementHigher timeframe charts show the momentum supporting for the uptrend and overall market seems for now bullish. Stock markets doing well around globally at the starting day of the week. This might be something to do with cheaper fiat currencies around the globe making it easier to spend cash on buying stocks.
Christmas Trading, Fed & Aussie BreakthroughThe pound had dropped below 1.30 earlier in the week. AUDUSD gained a foothold above the resistance level of 0.6900. If this breakdown turns out to be stable, then a wide space opens up for the AUDUSD for further growth to at least 0.7020 or even 0.7200.
Since AUDUSD is above 0.6900, its purchases seem to us profitable. But in any case, remember the Australian dollar refers to commodity currencies, which means it is extremely sensitive to news from the fields of trade wars. Further de-escalation of the conflict will contribute to the implementation of the scenario described above. But the slightest fears about the negotiations between the USA and China can negate yesterday’s breakdown.
In addition to the Australian dollar, what is happening on the foreign exchange market is worth noting except the inability of the pound to go below 1.2920, which can be taken as a signal that a panic wave has subsided. In this case, upon the return of the GBPUSD above 1.30, we recommend its purchases.
Today we’ll talk about the monetary policy of the Fed and a rake the Fed stepped on. The Trump invades not only the politics and economy of the United States but also intervenes in the activities of an independent body, the Central Bank. Yes, the direct threats and calls of Trump are ignored by the Fed, but there are indirect points (for example, the consequences of trade wars) that the Central Bank cannot ignore.
So the Fed’s attempt to normalize monetary policy and smoothly blow out the price bubbles that have formed in the stock market, corporate lending market and the debt market, faced with the consequences of the trade wars unleashed by Trump. And in 2019, instead of the planned increase in the rate by 0.50% -0.75%, the Fed cuts the rate three times. Thus, provoking further inflation of bubbles. So, the consequences will be more disastrous.
The World Bank predicts China the role of the epicentre of a new global crisis. So we may well face a new Asian crisis, but unlike 1998, the matter will not be limited to a slight fright and default of a single Russia.
KOSPI - KOREANS ARE LOOKING INTO THE EYES OF THE BEARKRX:KOSPI is looking pretty bad. The overall chart looks bearish and the fundamentals are not getting much better. The uptrend stops reaching the red resistance channels which is another bearish indicator.
Sell-Signal: There are multiple reasons why we are going short, once the purple line is crossed and the price is stagnating in the red zone. The red zones are defining strong support and are also part of the recently established green SupertrenD support channel (not visible in the chart). If you look at the total chart, then it will be the first strong signal once 1950 is broken. That's when we will enter a short position on the index. When 1850 breaks, then we lose the last support channel and will head down without support until the support channel which was established 1998 at the end of the Asian crisis.
We can not really tell you a target for now, because the channel will move up over time, but it might be in the 1500 area. We would manually lower our exposure once the price starts to jump back over 1950 and starts to build support.
I hope this was helpful.
Best,
Felix Kewa
DXY Trades Slightly Higher, but Continues Rising Wedge PatternSome speculate that if there is a trade deal between the US and China DXY will weaken significantly on potential expectations that global growth will increase. However, the trend of the 2019 global growth slowdown has yet to moderate and if anything this trend is only increasing its momentum. DXY though is clearly fixed in an rising wedge, a bearish reversal pattern, which is moving towards a break. The question remains though which way it will break and, more importantly, if there is follow through with underlying fundamentals to drive the technicals.
USDJPY: Market Opening Trade Hey everyone,
you see right - a new idea! Been busy playing poker and doing some other stuff and not focused on trading so much, but guess what ? we are back!
Back with a trading idea on USDJPY hoping right into the market opening. We saw a nice peak high on this pair last week with a divergence happening. Price did break down and now is in consolidation mode pretty much. Maybe we expect a peak to the range for another time and then a price break down. Otherwise it is below the larger trend line and could also break down from here. Lets see - the risk reward is in our favor.
GBPJPY (long-term) | More reasons to short than to longThe currency pair is currently ranging in a trend, however the bearish trend seems to be becoming more powerful. Long-term and short-term Fibonacci lines confirm the possible movement of 9000-11000 pips downwards to the 135.00 region, whilst profits can be taken at intersecting Fib lines. Alternatively , the currency pair could continue to range, reach the 100% intra-day Fibonacci level @ the 158.00 region AND THEN sell downwards.
Possible short term top around 271xx-274xx area ?now in an extended wave 5. look out for possible top around the 271xx-274xx area
intersection of two long term resistance and a previous congested area,
extended wave 5 target projected from length of wave 0-wave 3 ( 1.618) also matches with such target
XAUUSD LONG ENTRY LEVELS, US SESSION + 1ST HOURS OF ASIAN More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones
Webinars schedule: www.youtube.com
How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.
Reviewing the most recent PA 1&2 period patterns we have:
1M Bullish Pattern
Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.
We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
4H WR4
1D WR4
1D WR7
1W NR4
1W NR7
1M WR4
1M WR7
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 1358.70
Option level R3 1350.70
Option level R2 1342.60
Option level R1 1338.20
Option level S1 1330.40
Option level S2 1330.00
Option level S3 1326.00
Option level S4 1317.10
Session (current session only) levels:
r3 1357.34
r2 1349.58
r1 1341.83
p 1337.80
s1 1330.05
s2 1326.02
s3 1318.27
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
NZDUSD LONG ENTRY LEVELS, US SESSION + 1ST HOURS OF ASIAN More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones
Webinars schedule: www.youtube.com
How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.
Reviewing the most recent PA 1&2 period patterns we have:
1D Bearish Pattern
1M Bearish Pattern
Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.
We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
4H WR4
1W NR4
1W NR7
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 19.23077
Option level R3 19.23077
Option level R2 19.04762
Option level R1 19.04762
Option level S1 18.86793
Option level S2 18.69159
Option level S3 18.51852
Option level S4 18.51852
Session (current session only) levels:
r3 19.11879
r2 19.05014
r1 18.98148
p 18.86842
s1 18.79976
s2 18.68670
s3 18.61804
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
USDJPY SHORT ENTRY LEVELS, US SESSION + 1ST HOURS OF ASIAN More chances for a bearish continuation, what is confirmed by a recent multi time frame price action research, and important level zones
Webinars schedule: www.youtube.com
How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.
Reviewing the most recent PA 1&2 period patterns we have:
1D Bearish Pattern
1M Bearish Pattern
Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.
We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
1H WR4
1H WR7
1D WR4
1M WR4
1M WR7
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 105.354
Option level R3 105.354
Option level R2 105.354
Option level R1 104.903
Option level S1 104.254
Option level S2 104.254
Option level S3 104.254
Option level S4 103.697
Session (current session only) levels:
r3 105.325
r2 105.173
r1 105.021
p 104.774
s1 104.622
s2 104.375
s3 104.223
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
USDCHF LONG ENTRY LEVELS, US SESSION + 1ST HOURS OF ASIAN More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones
Webinars schedule: www.youtube.com
How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.
Reviewing the most recent PA 1&2 period patterns we have:
1D Bearish Pattern
Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.
We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
1D WR4
1D WR7
1W NR4
1W NR7
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 0.99500
Option level R3 0.99006
Option level R2 0.98516
Option level R1 0.98516
Option level S1 0.98042
Option level S2 0.97562
Option level S3 0.97562
Option level S4 0.97088
Session (current session only) levels:
r3 0.99111
r2 0.98763
r1 0.98416
p 0.98175
s1 0.97828
s2 0.97587
s3 0.97240
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
USDCAD LONG ENTRY LEVELS, US SESSION + 1ST HOURS OF ASIAN More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones
Webinars schedule: www.youtube.com
How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.
Currently there are no clear patterns on a chart (it doesn't mean that there are no level limit entries and places for stop entries)
We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
1H NR4
1H NR7
1W NR4
1W NR7
1M NR4
1M NR7
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 1.33332
Option level R3 1.33332
Option level R2 1.32447
Option level R1 1.31573
Option level S1 1.30720
Option level S2 1.30720
Option level S3 1.29871
Option level S4 1.29871
Session (current session only) levels:
r3 1.32836
r2 1.32459
r1 1.32082
p 1.31546
s1 1.31169
s2 1.30633
s3 1.30256
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.