JICPT

JICPT Updated 

On the weekly chart, pair has come close to a key zone where rebound might happen! Whilst on the daily chart, price is pending forming the lower low. So I got my trading plan as below: 1. if the pair tumbled and created a lower low, I would seek long opportunity in the area marked DZ1 on weekly chart. I will look for long setups on 4H chart. 2. If the pair...

JICPT Updated 

Reasons to buy from simple analysis : 1. Flip zone with key structures. 2. Model valuation around 25 based on a research report. Some news I grabbed from the internet : Niu, which had previously reported better-than-expected sales volumes for the third quarter, said that revenue in the period rose 36.7% to $135.8 million, well below analyst estimates at $149.3...

JICPT Updated 

Technical Analysis : Weekly: It's the first flip zone since the correction. It's still in the bull market on the weekly time frame. Daily: I just refined the zone a bit. Though, still too wide to place trade. Hourly: Patiently waiting for the formation of the candles. I would expect bull candle patterns show up! e.g. bullish engulfing patterns... Always...

JICPT Updated 

Reasons to short : Divergence of price and RSI on Daily chart indicating the possible pullback. However, traders should know the divergence could last for a long time. I count the candles, almost 15 days. If you short based on this, you would be stopped out from day 1. Huge selling pressure from previous high area of USD20000. I don't find qualified buy zone of...

JICPT Updated 

By looking at the daily chart, I came up with two possible long setups with the first one very close to the current price. First entry zone A bit aggressive. I will pay close attention to it. Second entry zone This one is more comfortable from my side. CAD is a commodity currency which correlates with crude oil. JPY is a safe-haven asset. Normally...

JICPT Updated 

I am expecting the recent high being taken out but the trend is clearly still down trend. I draw a possible reverse pattern on the chart.. IF the recent high couldn't be penetrated, then the downtrend will continue. The nearest zone that would stop it was way below 6.40. Way down there!

JICPT Updated 

AUDUSD heading for the previous high pivot zones I expected price will hold or even retreat from the upper yellow zone If things goes like what I expected, I will identify 60m reversal pattern in the next few days. I am ready for the short setup at the moment amd will update later accordingly.

JICPT Updated 

Technical Analysis: On the Weekly chart, the pair has been sideways for a while, sell at the top would give me a low risk trade with high reward. entry 0.6715 stop 0.6750, target 1 is 1.5 of stop loss, target 2 is 0.6450. In addition, the downtrend line in cyan blue colour would give more odds on my side. Basically, it’s a nice structure to place this trade....

JICPT Updated 

Fundamental analysis: The suspension of anti-trust law by Chinese government and the suspension of ANT's IPO hit the price a lot. Alibaba was China's proud and it still will be in the future. Gov. did this to control the financial risk, and lower down the overall financial leverage. Technical analysis: Weekly defend zone 60m broke the downward trendline,...

JICPT

I've marked the key monthly zones, and weekly trend lines on the chart Price is now in the middle, sort of undecided. My interested zone is marked below. the pre-trade setup is as below: 1. looking for short on the upper cyan-blue colored zone 2. looking for long on the below cyan-blue colored zone On the bigger timeframe(MT), I observed a lower low, so more...

JICPT Updated 

open interest : I've checked the open interest on CME website the 1850 and 1800 got the highest number of over 6000. That's the key zone we should have an eye on! Momentum : Obviously, battle btw sellers and buyers are still going with no clear result. however, with the sign of the lower low below the 50 EMA, I guess the upside momentum is weak which might...

JICPT

Technical analysis : 1. price is approaching the year low level of 4.8627, buyers might get in at this level 2. Divergence between RSI and price is the indication that rebound will happen soon. We just don't know when. Fundamental analysis : 1. Singapore is a small country. I lived there for 8 years and almost everything needs to be imported. So the government...

JICPT

long setup: Daily: flip zone structure & uptrend 4H: long at the rally base rally zone, RR looks good.

JICPT

The monetary policy in China has been tightened since July this year. We could spot the DR007 to identify that the cost of fund have been risen since then. It directly resulted in the range bound movement of the stock index. I've marked the key zones on the chart in the yellow color. Traditionally, Q1 will be green due to the loose policy. I will pay close...