Expected 175 will retrace to $20.15 at the Fibonacci 0.628 level and create an AB = CD pattern. Entry Point: $ 26.6 SL 1: $ 24.45 ( MAX 8% SL) TP 1 : $36.4 (Profit: 17%; RRR - 1:4.5) TP 2 : $42.6 (Profit: 28.22%; RRR - 1: 7.5)
The $210 roof was tested twice and the third time should be able to break through, as the overall sentiment for new generation electronic automobiles is quite positive. $168 is the new bottom, with the SL max at 8%. Entry Price: $182.50 SL: $167.60 (max 8% loss) TP 1: $ 211.60 (15% gain; RRR - 1 : 2) TP 2: $ 248.50 (36% gain; RRR - 1 : 4)
NongFu Spring is retracing back to the 0.618 level and expected to bounce back up. Expected Entry Point: $41.25 SL: $ 38.00 (8% loss) about the previous consolidation period roof TP 1: $ 47.95 ( 16.24% gain - RRR: 1:2) TP 2: $ 54.15 ( 31.27% gain - RRR: 1:4)
The stock broke the 4 mths correction zone on 02 Nov, probably with Chinese Gov policy support. It retraced to $20.15 at the Fibonacci 0.5 level and expect an AB = CD pattern. Entry Point: $ 22.50 SL 1: $ 20.6 ( MAX 8% SL) TP 1 : $26.30 (Profit: 17%; RRR- 1:2) TP 2 : $28.85 (Profit: 28.22%; RRR- 1: 3)
The F&B sector in the HK stock market is doing very well, such as Meituan (3690) and Yum China (9987) as China has very good control of COVID-19, and people and returning to their normal lifestyle. This stock has a 38% growth within the last 10 days, therefore I assume there would be a better entry price after the retracement.
Expect a short term short until around 145.00 area. It will come back up after
expect to bound back at 145.00 area
EURUSD has been going downward since 2019-01-10. It had a false breakout outside of the downward channel on 2019-03-21. It is reaching a key level of double tapping 1.1185 I expect that it will go down to 1.1125 and bounce back up
Expect EURUSD will go up a in short term, due to the following reasons 1.) Previous Support Level at Current Price (1.1335) 2.) A broke through of a down trend channel 2.1) Tapping back to the top of the downtrend channel (retracement) and expect to go up SL : 1.1295 ( - 40 pips) TP 1: 1.1375 (+ 40 pips - 1:1 ratio profit) TP 2: 1.1415 (+ 80 pips - 1:2 ratio...
The FX:USDCAD upward channel is going to hit the previous resistance level of 1.3327 and the current price is the mid-bottom part of the upward channel. This currency keeps creating Higher High and Higher Low. I suggest to wait unit it comes back to 1.3178 (Entry) to LONG SL: 1.3138 (-40 pips) TP 1: 1.3218 (40 pip2) TP 2: 1.3258 (+80 pips) TP 3: 1.3321 (+143 pips)
EURUSD has a Cypher pattern The current price is long time bottom, and it should go up now.
1.) RSI and the Price action are going towards difference directions 2.) XAUUSD is keep testing the 1229.50 level 3.) EMA is getting narrower 4.) A long bearish pin bar has broken the upward channels Therefore, I believe it will go downward for the next few days.
XAUUSD will go downward after reaching 1229. expect it will reach 1202 but let's have a few TP poinrs Entry: 1229; SL: 1231 TP 1: 1219 (RRR: 1:5) TP 2: 1211 (RRR: 1:9) TP 3: 1202 (RRR: 1:13.5)
XAUUSD will go downward after reaching 1229. expect it will reach 1202 but let's have a few TP poinrs Entry: 1229; SL: 1231 TP 1: 1219 (RRR: 1:5) TP 2: 1211 (RRR: 1:9) TP 3: 1202 (RRR: 1:13.5)
XAUUSD Has a AB=CD Pattern and has a strong resistance level on 1256.50. The Risk Reward Ratio (RRR) would be rewarding.
Sell EURJPY at 127.90 level, as it broke the trend line and retrace. It will be bounced back down now. 127.90 is also a strong support and resistance level, which was tapped many times. Risk Reward Ratio is over 1:2 for TP1
Strong Downtrend and testing 64.52 level
AUDJPY broke the 82.43 support level and completed a 12 hours minor bounce back up and it is going down to the previous supporting level.