PeNuel2020

PeNuel2020 Updated 

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) POSSIBLE REASONS FOR SELLING CADJPY: CHANNEL TOP RESISTANCE HIT AND PRICE REJECTED EMA-50 RESISTANCE REJECTING PRICE ON D1 PRICE CURRENTLY AT STRONG SELL PRESSURE ON H4/D1 BELOW @88.00/87.50 More sell positions could be layered below @87.00. But remember that none of the above is...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEY RESISTANCE AREA TESTED BELOW @0.65 PAIR MOVING "FAITHFULLY" WITHIN THIS DESCENDING CHANNEL , NOW AT THE CHANNEL TOP POSSIBLE REVERSAL PATTERN ONGOING ON H1. R:R is 1:4. ENTRY @0.6450 I'd posted this setup earlier, but a bullish setup and we made over 150pips in total. Now,...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEYNOTES ON BUYING USDCHF: USD LIKELY TO STRENGTHEN AGAIN AGAINST OTHER CURRENCIES IN THE COMING DAYS KEY SUPPORT ABOVE @0.9100 ESTABLISHED ALREADY HARMONIC PATTERN IS IMMINENT R:R is usually good if setup eventually comes, based on early entries though. Also, this is the last...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEYNOTES ON BUYING GBPNZD: PAIR APPROACHES STRONG/VERY ACTIVE DEMAND ZONE PAIR APPROACHES KEY SUPPORT @1.9700/.9660 PAIR HAS FORMED W - SHAPED PATTERN REPEATEDLY - PAIR IS LIKELY RANGING NZD TO LIKELY EASE ITS BULLISH RECOVERY AGAINST OTHER PAIRS LIKE GBP R:R is usually good if...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEY SUPPORT AREA ESTABLISHED ABOVE @0.6250 PAIR MOVING "FAITHFULLY" WITHIN THIS DESCENDING CHANNEL, NOW AT THE BASE BULLISH SETUP ON D1 SPOTTED IN THE LAST FEW DAYS INVERSE HEAD-AND-SHOULDERS PATTERN ON H1/H4 SPOTTED AT THE BASE ON DESCENDING CHANNEL R:R is 1:4 I'd posted this...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) POSSIBLE BEARISH SETUP SPOTTED ON D1 - TWO DOJI AND ONE BEARISH CANDLESTICK GOLD is still driving hard upside. But there could be a possible retracement below @1790 to mitigate one or two inefficiencies downside. Please stay safe. Nothing is fixed or certain in this market. So...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEY SUPPORT AREA ESTABLISHED ABOVE @0.6300 PAIR MOVING "FAITHFULLY" WITHIN THIS DESCENDING CHANNEL RBNZ BELOW FORECAST CASH RATE DECISION COULD NOT STOP THE RETRACEMENT POSSIBLE DOJI FORMING ON D1 Above all, in as much as nothing is certain or fixed,follow your trading plan and...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) BULLISH HARMONIC PATTERN COMPLETED - RETRACEMENT IS NEXT RETRACEMENT OF THE ABOVE IS USUALLY UP TO 50% FIBONACCI (@80. 40 /50) KEY SUPPORT AREA ESTABLISHING ABOVE @79.20/50 YEN EASING ITS STRENGTH IN THE LAST COUPLE OF HOURS ACROSS BOARD INCOMING FUNDAMENTAL ON AUD ( Employment...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) GBP NEWS RELEASED EARLIER TODAY WAS MIXED, NOT BAD THOUGH FOR THE CURRENCY POSSIBLE SUPPORT ESTABLISHING ALREADY ABOVE @1.372/375 PAIR COULD ACT SAME AS GBPJPY FOMC MEETING MINUTE OUTCOME TODAY MAY STUMP USD, ALLOWING ***USD TO RISE Above all, in as much as nothing is certain or...

PeNuel2020 Updated 

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) GBP NEWS RELEASED EARLIER TODAY WAS MIXED, NOT BAD THOUGH FOR THE CURRENCY FAILED HARMONIC PATTERN/DOUBLE TOP - COULD NOT BREAK AND RETEST NECKLINE FOR THE BEARS POSSIBLE BULLISH ENGULFING PATTERN FORMING - PENDING ORDER BEST @151.40 POSSIBLE SUPPORT ESTABLISHING ALREADY ABOVE...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) BULLISH HARMONIC PATTERN COMPLETED - RETRACEMENT IS NEXT RETRACEMENT OF THE ABOVE IS USUALLY UP TO 50% FIBONACCI (@80.40/50) KEY SUPPORT AREA ESTABLISHING ABOVE @79.20/50 YEN EASING ITS STRENGTH IN THE LAST COUPLE OF HOURS ACROSS BOARD INCOMING FUNDAMENTAL ON AUD ( Employment...

PeNuel2020 Updated 

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) DOUBLE BOTTOM / EQUAL LOWS ON H4/D1 KEY SUPPORT AREA ESTABLISHED ABOVE @75.00/30 RETRACEMENT OF A BULLISH SHARK PATTERN STARTED RBNZ BELOW FORECAST CASH RATE DECISION COULD NOT STOP THE RETRACEMENT FUNDAMENTALLY, YEN (JPY) IS EASING ITS STRENGTH ACROSS BOARD Above all, in as much...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) ACTING SIMILARLY TO CADJPY CAD CPI NEWS FOSTERS BULLISH MOVE ON CURRENCY NEW HIGH AND LOW FORMING WITHIN AN ASCENDING CHANNEL ASCENDING CHANNEL SUPPORT HIT AND PRICE FORMS GOOD SUPPORT KEY SUPPORT ABOVE @0.7600 Above all, in as much as nothing is certain or fixed,follow your...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) DOUBLE BOTTOM / EQUAL LOWS ON H4/D1 KEY SUPPORT AREA ESTABLISHED ABOVE @86.50/80 HARMONIC PATTERN FAILS TO BREAK NECKLINE. CAD CPI NEWS FOSTERS BULLISH MOVE ON CURRENCY Above all, in as much as nothing is certain or fixed,follow your trading plan and risk management, as well as...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) FUNDAMENTALLY, YEN (JPY) IS DROPPING ITS STRENGTH MILDLY ACROSS BOARD THERE IS A GOOD BUY PRESSURE/DEMAND LEVEL ABOVE @128.50 POSSIBLE INVERSE HEAD-AND-SHOULDERS PATTERN ON M30/H1 TIME FRAME A RETRACEMENT LIKE THIS IS TO BE MONITORED BY EMA 20 ON D1 TIME-FRAME EURO is still weak...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) PAIR UNDER GOOD SELL PRESSURE BELOW @151.00 KEY SUPPORT If it breaks the support and retest fro confirmation, go short some more. PAIR CONFORMING TO DOUBLE TOP PATTERN Nothing is fixed or certain in this market. So stick to your trading plan and bear the disclaimer below in...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) PAIR UNDER SELL PRESSURE AHEAD OF FED CHAIR POWELL SPEECH PAIR PRESSURES TREND-LINE SUPPORT USDCAD has found it difficult to climb here since the last rejection it had from its bullish run. This week, Fed's Powell will speak. If his speech is analyzed as bearish on USD, expect...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) PAIR CARVING NEW HH AND HL AHEAD OF RBNZ NEWS ON WEDNESDAY, 18TH AUGUST, 2021 PAIR POSSIBLY GAINED SUPPORT ABOVE @77.00//76.60 Seeing the fact that this pair is rallying at the moment, which is a showpiece that it is most probably accumulating above a key support of @77, we must...