KarYong

KarYong

We are seeing a divergence between price and the RSI indicator at the moment. Price action has been coming down correctively as well. Short-term we are expecting a potential pullback towards 193. This opens up a short-term buy trade opportunity.

KarYong Updated 

Price made a decent bounce off the low at 1.9900 on the H4 timeframe. We are expecting more upside from here. On the H1 chart, we saw a liquidity sweep and a break of structure of the previous high at 2.0000. If we can get a corrective pullback towards the FVG area, we have a potential long trade setup.

KarYong Updated 

Price broke the previous low structure at 97.40, with a decent market imbalance created. We also have a potential double top structure (and a potential liquidity sweep). If we can get a corrective pullback towards 98 area, we have a potential sell trade opportunity.

KarYong Updated 

Price made an impulsive move lower from the high at 2.0300. And it's currently retracing correctively. We can also observe a previous liquidity sweep around the previous high at 2.0300 and a clear break of structure at 2.0060. If we can get a decent pullback, we have a potential sell setup soon.

KarYong Updated 

Price made a decent bounce of the H4 timeframe. On the H1 perspective, we have a clear liquidity sweep of the previous swing low at 8248, and a break of structure of the previous high at 8295. If we can get a corrective pullback towards the market imbalance zone, we have a potential buy trade setup against the invalidation level at 8222 swing low.

KarYong

Price made an impulsive break below 2675. If we can get a corrective retracement towards 2685 area, we may have a potential sell trade opportunity against the invalidation level at 2727 high.

KarYong

The overall trend and directional bias on Bitcoin remains bullish. A 3-wave corrective structure will give us the additional confirmation for more upside potential. Do keep a lookout for the area at 92685.

KarYong Updated 

AUDJPY sweep the previous low at 95.90 and subsequently broke structure at the previous high of 97.05. A long trade is favorable with a buy limit order within the 96.25 area against the 95.50 invalidation level.

KarYong

Price is currently testing the key area at 2675. If we can get a liquidity sweep, forming a double top structure, and a convincing break below 2655, we can start to look for potential sell trade setup and expect price to start aligning with the higher timeframe bearish bias.

KarYong Updated 

USDJPY sweep the previous low at 149.00 and subsequently broke structure at the previous high of 150.25. A long trade is favorable with a buy limit order within the 149.50 area against the 148.60 invalidation level.

KarYong

Price is developing as a diagonal structure and is currently pushing higher. A break above 0.6455 high will signal a potential completion of the structure and we can start to expect more upside potential.

KarYong Updated 

NZDUSD traded higher in a 5-wave structure, breaking the previous swing high at 0.5920. A 3-wave corrective structure will give us the additional confirmation for more upside potential. A long trade is favorable with a buy limit order with the 0.5860 - 0.5840 level against the 0.5790 invalidation level.

KarYong

XAUUSD made an impulsive move lower from the high at 2721. A 3-wave corrective structure will give us the additional confirmation for more downside potential. A short trade is favorable with a sell limit order within the 2780 area against the 2721 invalidation level.

KarYong

Price made an impulsive bounce yesterday. We continue to remain bullish with a potential target at 77.50.

KarYong

We remain bearish bias and continue to expect more downside potentially towards 1.0885 and 1.0725.

KarYong

Price seems to be developing corrective at the moment. Overall we remain neutral. We'll give it some time before committing to any trade setup. If we can get a corrective structure development from here, we can expect more upside.

KarYong

Having a close inverse relationship with the Dollar Index, we remain neutral for EUR/USD as well. We'll want to see how price reacts around the 50% fib at 0.9770 area first.

KarYong

Price seems to be starting to develop into a corrective structure. If we can get a retracement correctively back towards 1694 and 1686 area, we have a decent buy trade setup with stops below 1660.