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Dailyoutlook

SUGAR, DAY CHART, SHORT (18-FEB-2017)There is a consolidation pattern near the Resistance Zone. From the price action, we can see stronger selling pressure than buying pressure. If the price managed to break the buyers' stop loss level, we expect the price will fall further lower. Here are 2 trading plans for you: 1. Wait the price to break the buyers' Stop Loss level and entry 2. If the price pull back weakly to the resistance zone, it might be a good opportunity to short with bearish signal
OANDA:SUGARUSDShort
by YongLiang
USD/CAD outlookDaily Doji candle shows a reversal to the price and the Head & Shoulder confirms the reversal. This is a great place enter a buy. Please check my entry signal var tradingview_embed_options = {}; tradingview_embed_options.width = '640'; tradingview_embed_options.height = '400'; tradingview_embed_options.chart = 'JrzenL5z'; new TradingView.chart(tradingview_embed_options); USD/CAD Gartley & Butterfly 15 minutes by rangika.ailapperuma1 on TradingView.com The Gartley pattern shown here is to determin th targets of a buy and for future prediction that where price might go.
Long
by rangika_ailapperuma
AUD/JPY, DAY CHART, SHORT (8-JAN-2017)Note: AUD/JPY is reaching the strong resistance zone at 86.2x level. There are 3 potential trading plans for this pair: 1. We expect the price will approach the resistance zone at 86.2x level. If there are 1 strong bearish or 2-3 bearish signals, we will choose to short. 2. There is possibility that the price break the resistance zone and reaching the previous peak at 86.9x level before heading down. Need to watch this level. 3. If the price break both resistance level strongly, we will support bullish view on this pair
Short
by YongLiang
1
EUR/USD, DAY CHART, SHORT (2-JAN-2017)Note: EUR/USD follows our prediction last week, a price correction to the resistance zone is high likely to happen. Overall, we remain bearish on this pair. Now, there are 2 ways to trade this pair: 1. Wait for a bullish signal now near the 20-EMA and resistance zone to short with right risk amount. 2. The price might further pullback to the next resistance at 1.075x level. In this case, we also need to wait for bearish signal to short.
Short
by YongLiang
NZD/USD, DAY CHART, SHORT (2-JAN-2017)Note: Congratulations to those who follows our winning trades on this pair last few weeks. Again, the price having correction as per our prediction previously. Now, we have 2 trading plans for this: 1. The price pullback to both the resistance zone and 20-EMA, followed by a bearish signal. A good signal to short with right risk amount. But caution on the 1st opening week on forex market behaviours. 2. When the price breaks the immediate support line, we can look for opportunity to short again.
Short
by YongLiang
AUD/JPY, SHORT, DAY CHART (24-DEC-2016)Note: AUD/JPY didn't follow what we plan last week, so we didn't trade this pair. Now, we are bearish on this pair. There are 3 trading plans for this trade: 1. Wait for price correction near the resistance zone near 86.2x level, followed by a bearish signal to short. We can short with right risk amount. But the chance of the price correction to this level might be low. 2. Zoom into H4 or H1 to look for pullback to their respective 20-EMA, followed with bearish signal to short with right risk amount. 3. Short now with little risk amount.
Short
by YongLiang
4
GOLD, XAU/USD, DAY CHART, SHORT (18-DEC-2016)Note: Gold, XAU/USD Congratulation to those who short this trade as per our analysis last week. Overall, we are still bearish on this pair! There are 3 trading plans for this trade: 1. There is a weak pullback sit on 1134.x level, if bearish signal appeared, short it with right risk amount 2. If the pullback continue, wait it touch the 20-EMA and short it after a bearish signal appeared 3. If the pullback is quite strong, the price might approaching the resistance zone near 1169 level, we need to wait for strong bearish signal to short!
FX_IDC:XAUUSD
by YongLiang
2
NZD/USD, DAY CHART, SHORT (18-DEC-2016)Note: NZD/USD follows our analysis last week. Congratulations to those who short this trade as per our analysis. Overall, we remain bearish on this pair because of the potential "Extended Head & Shoulder" setup appeared. Now, we have 2 trading plans for this pair: 1. Wait some little pullback to the support line at 0.698x level and bearish signal to short with right risk amount 2. Zoom into H4 or H1 chart to look for pullback to 20-EMA and bearish signal to short with little risk. Overall, it is a high risk to reward trade!
by YongLiang
4
GBP/AUD, DAY CHART, LONG (18-DEC-2016)Note: GBP/AUD follows our prediction last week. We remain bullish on this pair. There are 3 trading plans for this pair: 1. Zoom into H4 chart, there is an immediate resistance line at 1.715x level, wait for price correction or pullback to 20-EMA and bullish signal to long 2. Wait the price pullback to support zone and bullish signal to long 3. If the price breaks the immediate resistance line at 1.715x, wait for weak pullback to the resistance line and bullish signal to long!
Long
by YongLiang
WTI CRUDE OIL, DAY CHART, LONG (11-DEC-2016)Crude Oil is trying its 2nd attempt to break the resistance zone. There are 3 possibilities here: 1. If it break the resistance zone, wait for PB to the resistance zone and a bullish signal to long. 2. Eventually, it might form consolidation near the resistance zone. If breakout, can directly long 3. If there are 2-3 "2 BARS REVERSAL" to trigger the BEARISH movement, we will change our view to short! A Risk to Reward of 1:3 for this trade :) Fundamentally, the crude oil price rally is due to the oil production cut by OPEC and potential cut from Russia and NON-OPEC Countries. The production cut might not able to reduce the current global stockpile significantly. It might be the reason to hold the crude oil price trading in the range!
TVC:USOILLong
by YongLiang