WayneKigen

WayneKigen

We are looking at a convergence of trends. This is even more important when factoring in the technical demand and supply levels (previous resistance, current support; highlighted rectangle for current demand zone or previous supply zone). This convergence becomes a large buy signal for me when also considering the aftermath of the Fed's remarks, higher jobless...

WayneKigen

Since the breakout during the London session, we've been holding together a flag pattern. Should we break the dynamic support level of 0.000670, we can expect a further bullish continuation to 0.000800

WayneKigen

Looking for the 61.8% reversal for a continuation of the upward trend.

WayneKigen

Here we have PLGR, currently facing a parallel relationship with DXY. Targeting the 61.8% retracement for a continuation of the upward trend. Long term (weekly) target is 0.0027125

WayneKigen

Coming off the lower bound of regression trend beautifully. Flag pattern is completing the confirmation for a bullish breakout. Furthermore, we have a break-and-retest of the current dynamic resistance area signaling a target for higher highs (Momentum average on Regression trend) PS: Maintaining same perspective on Queen's Majors for the next 60 - 80 (600 - 800) pips.

WayneKigen Updated 

Some continuation of the head-and-shoulders pattern in candlesticks. Also testing the monthly/weekly low.

WayneKigen

This is the history of the study that led to the rise of AMD stock. Investment began at the vertical blue line

WayneKigen

Looking at the build-up of demand as price enters the 50-61.8% Fibonacci retracement. These retracements represent significant points of structure where reversals are most likely to take place. This is the logic we followed for our initial buy at the 78.6% retracement line.

WayneKigen

This is also a pair responding to the NFP aftermath. There is a large pool for demand in this zone and with the fib retracement in place, we can anticipate price action moving into the supply zones (23.6-38.2%).

WayneKigen

NFP week from the US gave a huge hit to this pair which seems to be recovering demand to finish Friday on a slightly bullish note. Timing profits at the golden zone over the Asian session

WayneKigen

Looking for some further accumulation of price between this zone until the NY session tomorrow. After enough demand is achieved, the breakout during NY will be due.

WayneKigen

The supply chain for nano-silicone material is gaining friction with the funding coming from the Canadian govt. and major stakeholders. Looking out for a great bullish run into the 1.25 area before selling my position. Any other fundamental factors regarding the production and delivery of products will be essential in driving price forward.

WayneKigen

Looking for a strong rejection above the 6.79 price area. Should we have a strong break, we can target the 8.25 area for profits as we look into the fundamentals that bring in capital to the firm.

WayneKigen

Looking for the effects of Monday's consolidation as price accumulates to a decisive quarter.

WayneKigen

The King Dollar Index seems to have finished its depreciation run on our week's timeframe. With the incoming consolidation as the week ends, I will be keen to check how price starts to move next week after markets warm up.

WayneKigen

There has been some interesting price movement with this pair, especially due to its correlation to DXY. As a haven, these currencies have been depreciating just as BTCUSD has been on the rise. They are substituting societal need and thus power, which is seen here. Price has come down to a golden zone(61.8-50%), signifying the need for patience as market...

WayneKigen

Another great move that is yet to give us the way forward, which also makes sense for 2 reasons: 1: Wellington (New-Zealand) is the 1st market that opens and would thus have the first sense of market direction. 2: Price is around the 50% fib retracement and could be ripening for reversal. Either way, Friday is here so there might not be any volatility left for...

WayneKigen

Correlation in the majors is a serious hack as seen in this pair. The bullish momentum was across the majors' board which had this steep climb possible, alongside the accurate fib retracements, demand & supply zones, etc.