W41 Gaining some strengths, 1st target 1.3100Consolidate 2 weeks. Potential break of trendline and targeting 1.3100 then evaluate further if 1.3200 is potential
Myanalysis
W40 Uptrend still intact since last weekUp trend is still intact since last week. Intraday trade posted in post. Now waiting for price to go further up
W40 1.2900 support levelBetween 1.2900 and 1.2950, is the current support level. Unless it fails, would be looking for long opportunities.
Strategy: T&RT
Level 1.2950
Targets:
1.3100
1.3180
1.3250
W39 0.7575 marks a good chance to continue the down flowOver the next couple of hours, if price were to close well below 0.7575, high chance the down flow would happen. Good region to find a short would be between 0.7545 and 0.7575
W38 Adjusted big picture, re-testing 1.0500 by end of year?It's about 3 months plus to the end of the year. Would we see 1.0500 for FX:EURUSD soon? We are about 700pips off from this low. 1.1100 is now the key support. If broken, we are looking at point B which is around 1.1000. Then we shall see how the market consolidates to form point C and eventually a big break to go all the way to point D.
W38 USD Going stong, 104.00 should be an easy obstacleMight be a good day to long USDJPY. It has been more than 5 days of consolidation, enough to build up the upward momentum.
W38 Stuck in rangeLast attempt to go long did not work out as price is still stuck in range. Be patience and wait for more information.
W38 Into Sell ZoneI could not find the right timing to short AUDUSD yesterday, partly the mind was more inclined to go long on EURUSD. Generally, USD pairs are on the down move. Continue to look for Sell in LTF
W38 Upward bias, looking for strong close above 103.5012-Sep Mon:
Possibly sidewards consolidations then a break above 103.50 should signify new upward trend
