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USD/JPY (1/11/17) *UP to +320 pips potential trade set upPreviously, USD/JPY was riding well the pullback of USD. Since I am expecting USD to turn back weaker and JPY to strength, this pair becomes a good contender for a short entry. It is now near a nice tripple top. It may swing up more first, just to slide back down. That scenario is highly possible. If the trade goes as per plan. it can swing back to 111.27 level and we can potential net up to +320 pips. Let's see S0nic
Short
by SonicDeejay
1
USD/SGD 4H Chart: Set to GainThe US Dollar recently broke a massive scale descending channel pattern against the Singapore Dollar. The breaking of the massive scale pattern occurred in a channel up pattern, which is likely the first move in the revelation of a new massive pattern. Meanwhile, the currency exchange rate has made a rebound and revealed an ascending channel pattern in the borders of the medium scale pattern. Moreover, most recently the pair made a rebound in the junior pattern. Due to that reason it is expected that in the short term the currency exchange rate will reach the resistance of the weekly PP at the 1.3653 level.
Long
by UnknownUnicorn890690
BitCoin BTC/USD (29/10/17) *Small Pullback likley on the card.BTC is still in long-term uptrend but it is rather in range mode for now. I am expecting some sort of quick pullback (a short one at least) for a time being. If there is any slide occurs, do watch out that 5400 to 5600 level will act as regions of support. If the region is broken, the price shall cruise easily down to 5000 level. We have yet to see the signs of big down moves yet, but the small swing backs are likely. Trade Safe, s0nic
COINBASE:BTCUSDShort
by SonicDeejay
SGDINR - More Upside in the Near / Medium TermWas in a discussion with one of our students from India asking about how's the outlook on Singapore Dollar (SGD) against Indian Rupee (INR). Thought would be good to share our outlook for those who are looking at this two currencies as well. My personal bias is that there is still more upside potential on this pair - meaning we can still expect to see some strength in the Singapore Dollar against the Indian Rupee in the near term, potentially towards 48.54 - 48.98 area.
Long
by KarYong
3
Crude Oil (WTI) 11/10/17 *$52.7 will be very hard resistant.48.7x region is respected as expected. Since the current move still in bull candle, that means the chance is going UP is stil higher. it can even go to as high as $52.7 region. I expected things to get harder, to go up higher as more and more sell pressure shall come in. So, please be careful, if the price starts to creep up $52.5 level. Trade Safe, s0nic Disclaimer : This analysis is purely based on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
OANDA:WTICOUSD
by SonicDeejay
1
EUR/USD (9/10/17) *+100 pips or more set up is comingThere are 2 things that you need to take note. Medium term: It is in the awesome downtrend and likely to go down further. I can see it can swing down to 1.15 level. Immediate term: We are now the congestion support zone of 1.173x level. So, there may be some sort of bounce as well. So do not add short aggressively without considering any shortfall. It may even go to 1.19 level. Verdict: I am still bear on this one but I will wait at a higher level to enter short again. If the trade goes as per the plan, we can easily get 100 pips or more. Trade Safe, s0nic Disclaimer : This analysis is purely my personal feeling/opinion. This should not be considered as trade call. Money can be won, but money can be lost at the time in trading. So, I advise you to do your own due diligence before entering any trades.
Short
by SonicDeejay
USD/CHF (10/10/17) *Potential 120 pips set upThis bad boy is still in melt uptrend for sure, but the recent Bear candle is getting more interesting. It shows the likelihood of bear forces at play. It caused a strong wick/pin on the daily candle. I am expecting a sell down (or) at least a pull back pretty soon. We will need a bad news/events to trigger. So. I am slightly Bearish right now. Trade Safe, s0nic Disclaimer : This analysis is purely my personal feeling/opinion. This should not be considered as trade call. Money can be won, but money can be lost during trading. Please do not treat trading lightly. So, I advise you to do your own due diligence before entering any trades.
Short
by SonicDeejay