AUDJPY Bearish ButterflyPrice still moving between support and resistance area.
we can expect price will drop one more time when it reach resistance area and complete bearish butterfly pattern.
Sell when price complete the pattern
Indonesia
USDCHF ContinuationPrice move quite strong and we look for correction before price continue to go up higher.
correction into grey area will be even better.
we can get best price as price retesting structure support.
buy on break corretion
AUDUSD Sell SetupPrice retesting weekly resistance area, then reverses and breaks the trendline.
RSI also shows a bearish divergent.
However, the price is currently testing the support which is the neckline area of the potential head and shoulders pattern.
From this level the price may react by bouncing back.
We can sell when the price is testing the grey area which has the potential to become the right shoulder
MBSS : SAIL TO THE MOONMBSS : Energy Shipping Company
The chart is bullish
Supporting data:
1. Price making a bullish trend, Higher Low one after another
2. Confirmed Cup and Handle (a perfect 61.8% Fibo) which already broke previous supply zone and retraced
3. The retracement happen with a bounce inside the green box (which describes a demand zone on weekly timeframe)
4. What will happen now is some consolidation before upward movement
As the phase of energy sector (especially coal) prevailed 2 months before, so will the sector of its shipping
Sail it to the moon, ppl
USDJPY Testing Resistance and Upper ChannelPrice back to test the top once again.
At this time price also retesting upper channel.
And we have bearish divergent on Stochastic.
we can expect some downside movement at least to the nearest support/yellow area
EURJPY Potential Bat PatternPrice likely to reach support.
we can expect price to complete bat pattern.
we can try to catch this movement, find best entry when price make some pullback.
GBPCAD Sell SetupPrice coming to Weekly resistance, so we can expect some rejection from this level to get some sell setup.
Price potentially create head and shoulders pattern on H4 Time Frame.
for entry setup, price potentially retest structure area and complete bearish cypher pattern.
AUDNZD Sell SetupPrice retesting resistance area and we are trying to find opportunities to sell.
On stochastic, we see a bearish divergent which indicates a weakness.
However, to jump into sell we need to wait for the price to break the trendline first.
Only after that we look for a setup by waiting for the price to break a small correction or waiting for the potential right shoulder on the head and shoulders pattern.
EURUSD AnalysisPrice may crawling to the upside to complete these patterns :
- ABCD
- Butterfly Pattern
- Cypher Pattern
So we can wait the rejection in the cluster area to take a sell
GBPUSD Road MapsShocking move this morning, hit april high 2018, today still looking found BUY area.
BUY LIMIT 1.4133
STOP LOSS 1.4106
TAKE PROFIT 1.4163
Disclaimer on
USDJPY BuyPrice potentially bounce from S/R area.
as we have some reasons :
- Cypher Pattern
- ABCD Pattern
- Trendline
- S/R area
EURJPY Selllook for bearish continuation in this pair.
price make consolidation around trendline area.
Sell if price break this consolidation.
SL : red line
TP : green lines
Manipulation Scenario :
1. Support was tested several times and finally (looks) a breakdown. Maybe some traders will sell on break support.
And put SL a little above the candle that breaks the support. But the price made a pinbar / hammer, went back up and touched SL.
2. After the SL is touched, the price finally breaks the trendline and closes above it.
Traders will think this is a false break with the trendline breakout confirmation and become a best time to buy with SL just below the previous low. However, prices fell back and touched SL for the second time.
3. After the SL has been touched, the price create a pinbar which is an indication of buyer's pressure.
Traders might think not to be fooled once again and think that the support is really broken and decide to sell in the SBR area with SL above the previous high. But again, the price was not friendly and touched SL once again.
4. The price finally made an upside impulse and formed a bullish pennant which became a continuation pattern.
With this pattern the trader should take a long position. However, due to doubt and don't want to become a victim of SL for another time, trader decided not to open a position. And the result is price actually goes up without being able to get some profit.
After being hit by SL several times it does disturb our emotions as traders, but if we have calculated each risk of SL before jump into trade and put SL which suitable with our risk tolerance, it shouldn't be a problem.
JUST ENJOY THIS PROCESS
NZDCAD Sell SetupPrice try to break support and now pullback to SBR area.
For pullback trader, this is the time to short it.
But I prefer to sell after break the low for a confirmation
CHFJPY Bat Pattern Eventually Head And Shouldersprice complete Bat pattern and give us sell opportunity.
But i think this is bit too early to sell now.
because we have another neckline and trendline support.
I prefer wait until price bounce and complete potential head and shoulder to sell
USDCAD BuyPrice Rejected from support level on daily and made two bullish candle
we can try to catch upside movement.
wait some correction and buy on break will become the setup
USDCAD Sell SetupPrice couple times failed to break the high. and now price break trendline instead.
we can try to take a sell.
wait some correction and sell on break
EURCAD BuyPrice trying to make another upside movement after some transition.
and now making a correction around the S/R level.
Buy when price break yellow trendline and close above it.
SL on Red line
IDX Composite - Take A Breath & Get Back to Running Track SoonHello traders & investors... how are you?
I hope all of you are healthy & prosperous.
Today, I try to capture the movement of IDX Composite for the next 6 months, 'till August 2021.
IDX Composite will tend to move sideways until June 2021 because the FY'20 earnings result might release "as expected", and Indonesia soon will entering the fasting month (mid of April'21), that may reduce daily transaction and drive IDX Composite slightly lower. Thereafter, start in Q3 2021 it will back to move in up trend in the moment of dividend seasons & Q2 2021 GDP release.
Gong Xi Fa Cai!
-AJ-
AUDUSD SellPrice still moving inside big correction channel and currently back to retest upper channel.
We need to watch the price wheter it can break to the upside or back to the lower level.
we can take a sell when price break S/R level and sell on break correction
