A+ BEARISH candlestick signalSTOP LOSS : 46.77
TAKE PROFIT : 42.56
Risk-reward : 2.17
Longer term trend: Sideways
Current trend: Bearish
General comments:
Bearish movements seen at the end of Jan-18 with recent low being around $42.5. Price then moved higher till current price whereby it faced strong resistance - a strong daily resistance which coincides with the 50% retracement of the bearish move.
An optimal entry is a few cents lower than the low of the bearish pin bar, which is highly probable to happen.
What I like:
1) Reversal pattern happens in close proximity of strong resistance, meaning stop-loss can be tactically close-by.
2) Grade A+ reversal from a candlestick technical standpoint - excellent 3 bar reversal and pin bar closes very close to the low and below the resistance.
3) Trade is with the current trend.
4) Should the target price be triggered, a head and shoulder pattern will be confirmed. This means another shorting opportunity and to carry our trade even further lower.
Other things to note:
If trade is triggered, it will likely last for a few weeks to about a month.
*A probable head and shoulder chart pattern seems to be in the making. I will be keeping an eye in the foreseeable future.
* Do support by liking and following! All suggestions/feedback welcome!
x,
iskfx
Singapore
LTC/USD LiteCoin (20/2/18) *A Ray Of HopeLTC USD can be bullish in the longer term.
It has sort of recovered 50% of the recent sell down. Markets may side way or go down a little bit.
But as long as $100 region holds, it can swing back to $300 and beyond again.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
BitCoin (12/2/18) *Major Profit taking in progressDue to the recent sell down, much of the margined account get wiped.
I will rather say the major motive is already achieved.
So, the downside movement may be pretty much limited. The condition right now is pretty similar to Dow Jones of late 2009.
I believe, bitcoin can swing up to $11,350 level but it will not revisit $18,000 anytime soon.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
Germany Stock Index (12 Feb 2018) * Bears, Be Patient.DAX dived down into a strong congestion zone of 12,000 to 12,200 region and currently it making a bounce.
I expect it can swing back up strong, as it may have trapped enough later sellers and it will attempt to eat them up.
It can swing back up to 12,500 regions.
I see the region as very strong resistant region and the index may not have enough strength to pass throught it.
If you are looking for a short, this is where you want to wait.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
Weekly Momentum On Major Pairs (Week7/2018)XXX/USD: Very Bearish (Both pairs are in the same direction)
Gold & Silver: Bearish (Both pairs are in the same direction)
XXX/JPY: Very Bearish (Yea Baby!)
USD/XXX: Bullish
Indexes: Very Bearish (HK and DJ indexes are in the same direction)
BitCoin: Bearish
S0nic
EUR/CHF (9/2/18) *A Nice +320 pips ITMA Nice +320 pips so far! Our First TP hit
Now the levels of 1.52 will act as resistants if there is any swing back.
I am expecting, the price shall go to 1.138 to 1.140 region sooner or later.
Stays with BEAR.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
China A50 (8/2/18) *BEAR BEARChina Market is in the strong pull back mode. It seems to have excess to be trimmed.
I am expecting it will go to 13,221 level easily.
BEAR for now.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
Nikkei Japan Stock Index (5/2/18) *Now Watch Out ThisDid you follow our previous 2 analysis? t has hit our 2nd TP level.
Now, pay extra attention to 22482 to 22868 level. That region is supposed to be a strong support level.
That region may offer some hard support.
ANd once that region is cleared, it is gonna fall further.
Time to make some serious money.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
XAU/USD (7/2/18) * This baby is going to $1,400Did you get our +800 pips call from trading Gold?
Gold may be due for a small retracement as it has met strong resistant near $1,357.
They are still out to get those noobs technical traders with tight SL. (It is the BEST way to lose the game)
Make no mistake. It is very likely to go $1,400 soon. and I am waiting for ways to go long (or) add my longs!
It may dilly dally for a time being.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
BitCoin (BTC/USD) *It is not a correction, it is extinctionIt is not the correction.
It is a possible extinction event.
But I still believe in block chain mambo jumbo and it shall survive in the longer term.
It shall go to $5,600 or even $4000 level.
I am with BEAR for now. I have no reason from the fundamental or technical point of view to buy at this moment.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
AUD/JPY (4/2/18) *Did you follow us? Money is in.Did you follow our Aud/jpy analysis on 17 jan?
A nice ride we have and the pair shall go to 86.9x as expected soon.
I am firmly standing with BEAR for now.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
Nikkei (30/1/18) *This Baby is WeakIt is good to see the Nikkei index is doing exactly what we expected.
It shall go to 22972, 22700 level.
It has a better edge to stay on Short/Sell side right now.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
Nikkei (25/1/18) *This baby is getting weak!Now Nikkei has broken a hidden serious of 23,900 level.
We now need to watch out 23,600 level strong and it can swing back down lower.
Be careful though, WE ARE STILL IN OVERALL BULL TREND.
23,000 level will be a strong support.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
EUR/CHF (29/1/18) *So did you make money?After a strong action, here comes a strong reaction.
But I doubt it can retake the previous high. The weakness is in.
It is likely to go lower. The next tgt will be 1.151 level. DYODD and all the best.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
EUR/CHF (24/1/18) *So you want to make money?We are seeing the potential swing back in EURCHF.
Once 1.176 is broken, it can swing down to 1.1690 regions "fast"
There are 2 disadvantages though, they are
1. We are still in overall bullish trend
2. Shorting CHF swap can be a killer.
So, do take note of them and think it over.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
USD/CAD (26/1/18) *A Momentum Shift is spotted There are 2 things you need to know.
1. USDCAD's "overall trend" is still pointing to the downside.
So it is obvious that "shorting" this pair still carry a better probability
2. We have a nice Bullish looking candle in D1, it proved that there is an "immediate" trend momentum shift.
So, if you looking for a potential quick swing back, you can consider going Long with the great length of caution.
Summary, this pair may swing back up to the previous resistant levels, as a typical pullback during downtrend. I expect, it can swing back up to 1.25 level. But you have to be quick.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
Time to rejoice for Malaysian across the border?Malaysia raises key rate for the first time since 2014. Coupled with a hawkish tone from Bank Negara Malaysia, we are likely to see the Malaysia Ringgit continue strengthening against the Singapore Dollar.
Price has broken the inner trend line structure at 3.0759 late 2017. This opens up more downside potential for SGD/MYR.
However, we are seeing a 5-wave structure completed at 2.9936, as the larger degree wave 3. This give us the expectation that we might see a retracement towards 3.0166 - 3.0441 before another move lower towards 2.9384.
For Singaporeans, this may be a good time to cross the border and stock up during the 1H of 2018. For investors, it would also be wise to look into the Malaysia stock market, riding not only the capital gains from the stock market but from the foreign exchange rate too!
For Malaysian, well.... it will still be relative expensive to shop in SG anyway! LOL
Bitcoin (25/1/18) *A swing restest up is possible!Ok. let talk about bitcoin. Did you follow our call on retesting of $9,998 level? Well, congrats.
It is trying to break $10k level but it seems to be having a hard time.
So, it may swing back up as a retest.
I am no longer "bearish" for now, we may see $13,000 or beyond again.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
USD/JPY (22/1/18) *Potential Swing Up ahead first and ..We have no doubt is USDJPY is in the downtrend and I think it will continue to do so.
In the meanwhile, they may due for a nice rebound back after "sucking in lots of late short".
It can swing back up to whip those shorts out first before it eventually drips down lower.
I am slight Bear at the moment and I will rather stay patient before I decide to short.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.